Jerry (Jianwei) Fang and Wenpei Yu of Zhong Lun Law Firm discuss the important changes to updated Personal Information Security Specification and how it offers more protection to those who provide personal information for collection, and recommend actions companies should consider to ensure compliance under the new regulations
Major plan for Hainan to become globally-recognized free trade port released; Swiss bank Credit Suisse takes majority control of securities JV; and U.S.-China animosity extends to aviation industry with bans and walk backs
Business financing is supported by allowing New Third Board companies to transfer and list on other boards, as well as allowing securities companies to publicly offer subordinated debt. Commercial cryptography products require certification.
U.S.-China hostilities have been pretty one-sided so far, but China has vowed to retaliate starting with measures targeting U.S. companies
U.S. companies in China are caught between the cross hairs of both the Chinese and U.S. governments
CBIRC supports foreign bank branches in applying for fund custody qualifications
A second set of opinions guiding trials of COVID-19 disputes arising from change in costs
U.S. to strip Hong Kong of special trade privileges; China adopts its first-ever civil code; and more entry exemptions on the horizon for select countries
Unbundled consent, biometric data and personalized displays all feature in China's latest data protection specification
