NPC adopts anti-foreign sanctions law in response to U.S., European restrictions; NPC adopts data security law with significantly increased penalties for illegal cross-border data transfer; and Shenzhen five-year plan promises greater financial services opening-up
Second draft of Data Security Law broadens its scope of application
Jianwei (Jerry) Fang and Dianmeng Zhu of Zhong Lun Law Firm introduce the second draft of the Law on the Protection of Personal Information, which marks another step towards a complete legislative regime of personal information protection in China
MEE issues carbon trading rules ahead of national market launch; PBOC expands ban on financial institutions providing crypto-related services; and CAC identifies 105 mobile applications for personal information collection violations
Second law draft of personal information adds articles on personal image capture and contract rescission
Clear users' consent is required for processing information by an App
Operators of critical information infrastructure bear heightened counter-espionage security obligations
Live streaming marketing platforms are required to protect consumer rights and personal data privacy
Being the first U.S. domestic issuer to have a secondary listing in Hong Kong required navigating difficult SEC and SFC requirements
Yum China has had an eventful year, navigating the impact of the pandemic on its many restaurants and staff in China, as well as a groundbreaking secondary listing in Hong Kong
