In the News: Data Transfer Rules Loosened; Kyndryl Splits China Business; and Shenzhen Finances Tech Companies

October 11, 2023 | BY

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China proposes to allow businesses to transfer certain types of data overseas without restrictions; IBM's former IT services arm Kyndryl plans to split its China business over data security rules and tech restrictions; and Shenzhen's government introduces initiatives to raise funding for local tech companies amidst U.S. tech restrictions

Promulgated: 2023-09-28

Credit: Dmitry/Adobe Stock

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China Relaxes Some Data Transfer Controls

The Cyberspace Administration of China (CAC) plans to allow businesses to freely transfer certain types of data without the need for data export security assessments, Reuters reported on Sep 28, 2023.

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