PRC Law on the Protection of State Secrets (2nd Amendment)
中华人民共和国保守国家秘密法 (第二次修订)
Work secrets are also required to be kept confidential.
Work secrets are also required to be kept confidential.
U.S. government agencies publish compliance note for foreign persons regarding sanctions and export controls; The European Union to ban products made with forced labor; and U.S. bill aims to protect data that would reveal the personal health and genetic information of Americans.
Personal data transfer within the Greater Bay Area is made more convenient
U.S. Biden Administration issues EO restricting sale of information to China and other countries; Nippon Steel’s merger with U.S. Steel to be scrutinized over China operations; and China begins second reading of State Secrets Law amendments
Antitrust filing thresholds for business turnovers are raised
2023 was a highly significant year for the regulation of data protection in China. Casper Sek of Jingtian & Gongcheng charts the key developments
The U.S. released new regulations that will bring SPAC disclosure requirements more in line with traditional IPOs; First Chinese VC firm is included in U.S. Defense Department's military-related company list; and China is working on expanding its Anti-Money Laundering Law to cover virtual assets
Antitrust filing thresholds are raised
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
Total asset requirements of main promoters of financial leasing companies are increased