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

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.

7 minute readJanuary 10, 2024 at 12:20 PM

Brian Chan

& Krista Lee

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

Credit: yongheng19962008/Adobe Stock,

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