China's much-anticipated national carbon trading market sees carbon price rise on first day of trading; MIIT, CAC forbid sharing of cybersecurity vulnerabilities information with overseas entities; and Biden administration adds dozens more Chinese companies to export control blacklist
Data that have a bearing on national security are subject to more stringent administration
PRC companies wanting to list outside China face extended cybersecurity reviews and potentially burdensome documentation submission requirements
CAC releases updated draft cybersecurity review measures to cover overseas listings; HKEX to launch T+2 settlement platform in Q4 2022 at the earliest; and Guangdong outlines data sharing plans for GBA
Cybersecurity is strengthened for intelligent connected vehicles
First high-profile cybersecurity reviews indicate that overseas-listed Chinese tech firms are prime targets for new cybersecurity regime
Cybersecurity review office investigates U.S.-listed Chinese tech giant Didi and others; CSRC updates disclosure rules for listed companies, strengthens ESG provisions; and Shenzhen legislature completes second reading of country's first intelligent vehicle rules
Rongwei (Ron) Cai, Jianwei (Jerry) Fang, and Dianmeng Zhu of Zhong Lun Law Firm introduce the newly enacted PRC Data Security Law, highlight the core data security protection obligations imposed on companies, and set out steps companies should be taking immediately in order to ensure compliance
SAMR prohibits business operators from using standard clauses to limit liability. Cybersecurity is strengthened on intelligent connected vehicles. Enterprise income tax treatment of cross-border hybrid investments is clarified.
Shenzhen imposes heavy penalties to protect data privacy
