Wendy Wysong, Ali Burney and Lin Yang of Steptoe & Johnson look at the increasing prevalence of electronic device searches at the U.S. border, and the implications for those traveling from China. Handling a border search appropriately, and safeguarding sensitive data, are vital considerations
U.S. Biden Administration issues EO restricting sale of information to China and other countries; Nippon Steel's merger with U.S. Steel to be scrutinized over China operations; and China begins second reading of State Secrets Law amendments
Clean energy and data tech updated to U.S. critical and emerging tech list; U.S. House select committee reports that five venture capital funds have invested in the rise of China's key technology companies; and China's stock exchanges release first-ever guidelines on ESG disclosure
2023 was a highly significant year for the regulation of data protection in China. Casper Sek of Jingtian & Gongcheng charts the key developments
The U.S. released new regulations that will bring SPAC disclosure requirements more in line with traditional IPOs; First Chinese VC firm is included in U.S. Defense Department's military-related company list; and China is working on expanding its Anti-Money Laundering Law to cover virtual assets
Antitrust filing thresholds are raised
Shanghai plans a three-tiered cross-border data flow regime in the Lingang free trade zone to boost foreign investment; the U.S. proposes a "know your customer" regulation for cloud computing companies over China AI concerns; and a bill introduced in Congress called the BIOSECURE Act, is designed to broaden current sanctions on China
U.S. Commerce official expects higher penalties for violations of U.S. export controls; Shein must satisfy both the U.S. and China to pull off its IPO; and U.S. lawmakers work to further limit U.S. investment in Chinese tech sector.
In 2023, significant U.S. restrictions were placed on Chinese interests. Charles Wu of Clyde & Co reviews the legislative changes, and offers practical insights into their potential impact, and the path forward in 2024
Entities doing business in the U.S. must report information about their beneficial ownership to FinCEN; China bans researchers for listing AI-generated content as a co-author of their papers; and Italian Generali conducts first-ever foreign insurance acquisition in China
