China designates four pilot areas for foreign investment into telecommunications without ownership caps; CFIUS may be allowed to request more information on transactions that were not filed with them; and CSRC proposes tighter controls on programme trading
China lifts foreign investment restrictions on value-added telecommunications services. Generative AI service providers are required to conduct self-assessments of the security of their training data. SAFE simplifies foreign exchange procedures for foreign trade enterprises.
Shanghai opens new data service center designed to allow for freer data flows; A bipartisan bill introduced in the U.S. Congress would prevent index funds from investing in Chinese companies; and Former employees of Chinese tech giants, even those who worked at a junior level, are bound by non-compete clauses.
Philip Qu of TransAsia Lawyers examines the extensive legislative and regulatory
developments which took place in China's TMT sector 2023 and sets out how emerging trends
can be expected to continue through 2024
Data handlers are required to identify core and key data. Measures are laid out for handling of sensitive data by banking and insurance institutions. A data transfer path is required for transferring natural resources data.
Casper Sek of Jingtian & Gongcheng examines in detail the long-awaited final version of important new provisions governing the cross-border transfer of data
