Both multinationals and domestic companies have already enacted changes to their internal policies and operations in response to China's new data and personal information processing requirements, from human resources management to customer privacy authorizations
China opens up its insurance brokerage market
New rules are set forth for foreign-related certification
China publishes its GDPR law
Beijing Municipality opens up IP-related arbitration to foreign institutions
Meituan fined for abusing dominant position; Draft market access negative list released; and SAFE data shows record high foreign investment into China
GBA Wealth Management Connect launched; minister calls for consolidation of Chinese EV manufacturers; and China-Indonesia local currency settlement agreement implemented
Several major Chinese law firms have set up new offices in Hainan since 2018
SEC to require Chinese issuers clarify VIE structures and whether listing has government backing; SPC issues judicial interpretation with restrictions on commercial applications of facial recognition technology; and MOFCOM unveils separate negative list for cross-border trade in services in Hainan
Entities and individuals may bear legal liability for failure to enforce or cooperate in the implementation of sanction countering measures
