In the News: Bayer Leads Way on Beijing FTZ Data Transfer; Recent Chinese IPO Filings; and China Simplifies Environmental Approval Procedures

Bayer successfully files for the first cross-border data transfer in Beijing Free Trade Zone; Yuanbao plans to list on Nasdaq after some Chinese IPO successes, but setbacks also exist; and China's environmental regulator merges approval procedures to encourage private business

6 minute readSeptember 26, 2024 at 05:09 AM

Clarence Lee, Krista Lee

& Brian Chan

First Successful Negative List Filing for Beijing Data Transfers

German multinational healthcare company Bayer Healthcare Company Limited is the first company in the Free Trade Zone (FTZ) of the Beijing Economic-Technological Development Area (Beijing E-Town) to have successfully completed a negative list filing for cross-border data transfer, Media Outreach Newswire reports, making it the first enterprise in the city to achieve compliant cross-border data transfers under the Free Trade Zone's negative list policy.h

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