In the News: China Approves Only One-Quarter of Cross-Border Data Transfers; China and Hong Kong Take Opposite Stances on Stablecoins; and China Reverses on Net-Selling Policy
Jan 10, 2024
| By Brian Chan and Krista Lee
Thousands of cross-border data export applications await CAC approval; China continues to crack down on the use of cryptocurrency in foreign exchange transactions while Hong Kong proposes licensing them; and China again allows net-selling of stocks for mutual funds.
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