China allows ordinary employee information to be transferred out of jurisdiction without restrictions; EU Chamber report addresses regulatory clarity after risk concerns arise; and Japanese company wins trademark trolling case on unfair competition grounds.
Ordinary employee information may be transferred abroad without restrictions
A proposed TikTok bill could give rise to a U.S. equivalent to the VIE structure; The EU's new AI Act has a wide scope that could affect Chinese firms; and Quant funds respond to regulators' crackdown of their industry.
Personal data transfer within the Greater Bay Area is made more convenient
Jiangsu lists matters covered in the registration of intellectual property rights in data
2023 was a highly significant year for the regulation of data protection in China. Casper Sek of Jingtian & Gongcheng charts the key developments
Shanghai plans a three-tiered cross-border data flow regime in the Lingang free trade zone to boost foreign investment; the U.S. proposes a "know your customer" regulation for cloud computing companies over China AI concerns; and a bill introduced in Congress called the BIOSECURE Act, is designed to broaden current sanctions on China
Specific key data may be determined by the relevant authority in data transfer within the Greater Bay Area
U.S. Commerce official expects higher penalties for violations of U.S. export controls; Shein must satisfy both the U.S. and China to pull off its IPO; and U.S. lawmakers work to further limit U.S. investment in Chinese tech sector.
Entities doing business in the U.S. must report information about their beneficial ownership to FinCEN; China bans researchers for listing AI-generated content as a co-author of their papers; and Italian Generali conducts first-ever foreign insurance acquisition in China
