China passes Foreign Relations Law countering foreign sanctions
July 11, 2023
Legal
Edward Tung, legal counsel for Hong Kong-based venture capital firm ORI Capital, discusses his firm's response to U.S. sanctions on Chinese companies, U.S. restrictions targeting foreign companies, artificial intelligence laws in China, and new ESG guidelines.
July 10, 2023No Chinese companies have successfully listed overseas due to tight scrutiny from domestic regulators; A Beijing company succeeds in making a SCC filing for the cross-border transfer of data; and China announces measures to open up free trade zones in order to lure back foreign investors.
July 06, 2023China passes Foreign Relations Law countering foreign sanctions. Foreign financial institutions are offered same treatment as domestic counterparts in free trade zones. New rules are issued to regulate drones.
July 04, 2023Shanghai requires the establishment of a chief data officer system
July 04, 2023CAC sets forth guidelines for filing of standard contracts of overseas data transfers.
July 04, 2023In the light of important new guidelines to be followed when filing the standard overseas personal information transfer contract, Casper Sek of Jingtian & Gongcheng analyses the key learning points and looks at how companies may apply this in practice
July 03, 2023Shake Shack and Starbucks were summoned by Shanghai for excessive data collection; Hong Kong rules that trustees of keepwell trusts can gain monetary compensation for contractual breaches; and European Union firms blame regulatory hurdles and limited market access for record low investment into China.
June 28, 2023SAMR sets forth particulars of special attention in concentrations of business operators, as well as explaining standard terms of consumer contracts. CSRC enhances the reform of the bond registration system
June 27, 2023Data shall not be collected other than when facial recognition is active
June 26, 2023
