CAC relaxes cross-border data transfers by multinationals
October 20, 2023
Legal
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
October 19, 2023U.S. further restricts export of chips to curb China's technological advancement; China bans domestic brokerages from offshore trading in order to stabilize its currency; and Chinese court continues to not recognize crypto lending in civil litigation cases
October 18, 2023CAC relaxes cross-border data transfers by multinationals. A handler of key data or core data in the industry and information technology sector shall complete data security risk assessments. Intellectual property infringements are required to be identified when providing generative AI services.
October 13, 2023Instructions are laid out for overseas transfer of key data
October 13, 2023New 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.
October 13, 2023Beijing promotes free flow of ordinary data for foreign-invested enterprises
October 13, 2023Shenzhen Stock Exchange prohibits shareholding reductions.
October 12, 2023Shanghai Stock Exchange prohibits shareholding reductions.
October 12, 2023China 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
October 11, 2023
