The Vietnamese government has tightened provisions surrounding national security and nominee transactions in its new foreign investment regime
June 18, 2021
Legal
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
June 15, 2021Entities and individuals may bear legal liability for failure to enforce or cooperate in the implementation of sanction countering measures. Data that have a bearing on national security or key public interest are subject to more stringent administration. Private banking or insurance institutions shall establish a Party organizational structure.
June 11, 2021Specific non-financial organizations are also subject to anti-money laundering obligations
June 11, 2021China establishes its national carbon trading regime
June 11, 2021Biden administration expands Trump-era investment ban on Chinese firms with alleged military ties; China customs names and shames foreign brands for importing defective children's products; and SAFE approves record QDII quota
June 07, 2021Specific non-financial organizations are also subject to anti-money laundering obligations. Restrictions on establishment of entertainment venues are relaxed for foreign investment. Shenzhen imposes heavy penalties to protect data privacy.
June 04, 2021Second draft of Data Security Law broadens its scope of application
June 04, 2021Regulations are revised emphasizing the public welfare attribute of private education
June 04, 2021Another Step Closer to Finalization: The Second Draft of China's Personal Information Protection Law
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
June 04, 2021
