In the News: Rare Earths Disclosure; Ireland Issues Record Fine Over Faulty China Data Transfers; and Ping An Insurance's Frankfurt Bond Listing
Western companies concerned about China's demand for sensitive rare earths information; Irish data regulators target transparency and transfer impact assessment failures in landmark decision; and China's largest insurer plans to raise HK$11.77 billion through convertible bond listing in Frankfurt
Share:
Keketuohai UNESCO Global Geopark(Xinjiang Rare Metals National Mine Park) No.3 Mine Pit. Picturesque natural landscape. Keketuohai Scenic Area. Xinjiang, China. 2018. Credit: twabian/Adobe Stock
Western Companies Compelled to Provide Sensitive Rare Earths Information
Western companies say China’s Ministry of Commerce is demanding that Western companies provide sensitive business information so it can obtain rare earths and magnets. This has raised “concerns about potential misuse of data and exposure of trade secrets.”