SAMR issues 28 administrative penalties for failing to disclose M&A deals; CAC clarifies details about data export security assessment; banks and insurance companies to support advanced manufacturing
While China's first-ever NFT court ruling added stricter burdens to marketplaces and led to some NFT bans, many think it is setting the stage for the growth of the digital asset market in the country.
CAC defines overseas transfer of data. SAMR specifies exceptions of monopoly agreements and prohibits platform operators from abusing their dominant market positions.
Casper Sek, partner at Jingtian & Gongcheng, takes a close look at China's new standard contract for overseas transfer of personal information and the regulations which accompany it, and compares it with the EU equivalent
Hong Kong-Mainland integration of interbank market for rate swaps; National security probe into prominent academic database; Draft rules on management of private pension funds
CAC specifies the criteria for transferring personal information out of mainland China with standard contracts. Revised Anti-monopoly Law includes provisions on hub and spoke conspiracies. Concentrations that have effects of restricting competition are also subject to review even if they have not reached the filing threshold.
Jianwei (Jerry) Fang and Runyang Liu of Zhong Lun Law Firm discuss how to invoke reciprocity for a foreign judgment in China, and explore what recent court decisions reveal about China's approach toward recognizing and applying reciprocity.
