Legal

CAC publishes guidelines for data export security assessment; Tencent Huanhe stops selling NFTs due to regulatory challenges; Proposal to enhance protection of wildlife under review

CAC issues guidelines on the procedures for security assessment of overseas data transfers. After-sales and operational services of intelligent connected vehicles may require approval for transfer of data to foreign parties. Public security authorities need an evidence collection notice when seeking electronic data from a network service provider.

Compliance Director at one of China's largest insurance companies speaks about current issues and future developments surrounding the country's insurance industry.

Ministry of Transport outlines criteria for recognizing critical information infrastructure of the transport sector

Shanghai issues rules to clarify appraisal of SOE-invested PE fund units.

Lawyers also say U.S.-China trade tensions could be further damaged by "reverse CFIUS," a proposed law under which the U.S. government could prohibit investments into China it deems a threat to certain domestic capabilities.

PCAOB and Beijing reach audit agreement to prevent mass delisting; U.S.-China merger abandoned following U.S. antitrust investigation; new compliance rules for wealth management companies

Ministry of Transport outlines criteria for recognizing critical information infrastructure of the transport sector. A wealth management company is required to continuously track the changes in the risk monitoring indicators of each wealth management product. Shenzhen specifies wage payment deadlines of employers.

CBIRC enhances life insurance disclosure requirements of insurance companies