China will implement new cybersecurity rules that include stricter consent requirements and also expand cross-border data exemptions; A Beijing court rules that consent is not required for presenting lawfully collected personal information in court; and China is increasingly exporting its technology, engineering, supply chain, and financing capacity.
Data collected from the use of automated collection technology should be deleted or anonymized. New court interpretation clarifies an employer's tort liability. The scope of the pilot project for equity investment by financial asset investment companies is expanded to 18 municipalities
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
Guidelines are set forth for identifying sensitive personal information. China gradually raises retirement age in 15 years. AI generated content is required to be identified by labeling.
Chinese company sues Texas power operator for blocking investment approved by CFIUS; China delays retirement age to relieve pressure on pensions; and China proposes identification and labeling requirements for AI-generated content
Beijing FTZ publishes a negative list for cross-border data transfer in the medical, retail and AI sectors. Network virtualization needs to provide data encryption protection and satisfy security requirements. Online advertisements should be identifiable as such and not mislead consumers.
China allows fully foreign-owned hospitals and foreign investment in gene technologies; China is assessing the compatibility of the international AI agreement with its own strategic plans; and China's Ministry of Finance strengthens its regulation of foreign accounting organizations, particularly for those that do not have offices in China
Chinese court rules against international hotel brand for misuse of cross-border personal data; EU and China establish mechanism to address difficulties in data transfers; and High-frequency futures traders question their survival in an increasingly hostile Chinese futures market
SPC sets forth criteria for serious money laundering cases and punitive damages for food safety violations. NFRA specifies the conditions for engaging in online property insurance business.
U.S. lawmakers call on the government to scrutinize drugmakers' clinical trials in China; China removes restrictions for foreign investments in the manufacturing and services industries; and Cross-Boundary Wealth Connect gains 10 new additional securities firms for increased offshore investment opportunities.
