In the News: Extended Trade Secrets Protection; Cross-Border Yuan Funding; and China Overhauls Banking Law After Two Decades

China to expand scope of trade secrets regime | New rules to facilitate funding of China's currency offshore | Draft amendment extends regulatory power to shareholders, employees and third-party enablers in RMB 480 trillion banking system

By Jeffrey Tse

Data and Algorithms to Benefit From Trade Secrets Protection

China released a new set of regulations that will expand protection of trade secrets to digital information such as data, algorithms, computer programs and codes.

The protection under the State Administration for Market Regulation’s (SAMR) Regulations for the Protection of Trade Secrets (商业秘密保护规定) also applies to failed experimental data and interim technological achievements, provided that they have commercial value.

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