UK NSI Act update may bring new opportunities for foreign companies; Fund registration and operational requirements are relaxed to lower cost of foreign investment in China capital markets; and NFT theft is considered criminal theft due to its property and data characteristics.
China bans those holding state secrets from traveling abroad during the 'confidentiality period'; the European Union requires Alibaba's subsidiary AliExpress to provide information on its measures to deal with illegal products; and the British fashion retailer Missguided is now under the management of SHEIN
When foreign investment strategy changes, many important issues can arise, not least in the area of intellectual property rights. David Lin and Shen Yang of DOCVIT Law Firm explore these issues, and underline the importance of arranging appropriate methods to dispose of relevant rights
China's proposed amendment of its state secrets law has alarmed foreign businesses; a U.S. Congressional committee will probe Sequoia over its China tech investments; and China will scrap its price cap on land sales to revive its property market
Shanghai allows free flow of foreign capital for foreign investors
CAC relaxes cross-border data transfers by multinationals
Casper Sek of Jingtian & Gongcheng examines the implications of a new set of draft provisions aimed at regulating and facilitating the cross-border flow of data
New national security restrictions on investments by U.S. persons in sensitive technologies involving Chinese-controlled entities will affect due diligence and contracting practices for tech deals throughout Asia. Nathan Bush of DLA Piper examines the rules and their likely impact.
Beijing promotes free flow of ordinary data for foreign-invested enterprises
China proposes to allow businesses to transfer certain types of data overseas without restrictions; IBM's former IT services arm Kyndryl plans to split its China business over data security rules and tech restrictions; and Shenzhen's government introduces initiatives to raise funding for local tech companies amidst U.S. tech restrictions
