Guidelines on certification of personal information protection for cross-border PI data transfers are set forth. Business cooperation in retirement financial business between banking and insurance institutions is supported. MOJ allows for overseas remote video notarization.
Kai Huang of Commerce & Finance Law Offices highlights key definitions that have been specified under the Interpretation in relation to the AUCL that offer greater clarity and practical guidance for the protection of businesses and consumers against anti-unfair competitive conduct
European companies considering leaving China market over strict COVID-19 policies; Shanghai court ruling deems bitcoin a virtual asset protected by law; Didi New York IPO under SEC investigation
Securities data shall be backed up at least once per day. Before offering a product, a wealth management company shall strictly carry out the internal approval procedure. Global systemically important banks may offer non-capital bonds satisfying total loss-absorbing capacity.
Five months on from our last article on how companies in China are responding to the country's newest data and personal information regulations, we catch up with some of them to see how they have tackled their respective compliance challenges. We also speak with more lawyers to find out other key uncertainties that are making it difficult to carry out practical compliance changes, as well as the areas that the authorities will likely focus on in terms of future enforcement
