Lawfulness of personal information processing is the focus of an compliance audit.
September 05, 2023
Legal
With the European Union's revised product safety rules coming into effect in December 2024, Chinese firms should take notice of major changes to the rules and how they can comply with them.
September 05, 20233M pays fine to settle bribery charges on its China subsidiary; China recognizes data as an asset in financial statements; and China revises company law to increase controlling shareholder responsibility in companies.
August 30, 2023National Administration of Financial Regulation permits overseas non-financial institutions to serve as investors in financial asset management companies.
August 25, 2023Guidelines are given for informing individuals of automated decision processing of their personal information. Website platforms are responsible for dealing with online enterprise-related infringement information. Banking and financial institutions should report the outcome of their assessment of the prevention and control of criminal case risks annually.
August 25, 2023China meets executives of international firms in order to reassure them over data security regulations; CSRC seeks regulatory opinion for the frist time for overseas listing; and Chinese automobile parts included in U.S. import detention over Xinjiang concerns
August 23, 2023"Refusal to deal" and "tying" are defined more clearly.
August 22, 2023New draft measures on personal information protection compliance audits have been released for public comment. Jianwei (Jerry) Fang and Chuchen (Julie) Hou of Zhong Lun Law Firm analyze the legislative basis and specific requirements of the new draft, and provide some practical recommendations for PI processors who are planning for an upcoming compliance audit.
August 22, 2023Biden's new Executive Order simplifies the proposed "Reverse CFIUS" review process of outbound investment into China; Small hedge funds in China are threatened with a minimum asset requirement; and Shanghai Stock Exchange further scrutinizes medical companies as an anti-corruption campaign intensifies.
August 17, 2023Processing of sensitive personal information may require written consent of the individual. Mobile smart terminals, applications and application distribution platforms shall provide information and services suitable for minors. Lenient treatment of environmental contamination may be allowed.
August 15, 2023
