Companies that collect a large amount of personal information are required to conduct a compliance audit of its protection of personal information annually. Facial recognition may not be carried out if other non-biometric identification technology solutions are available.

The financial requirements for establishing auto finance companies are substantially increased

People's Bank of China issues rules restricting cross-border transfer of its business data

A new set of Measures have been published by the People's Bank of China. In this article, Zhou Yang of Jingtian & Gongcheng examines the provisions and reveal how they will impact and assist data handlers in the financial sector

SAMR explains standard terms of consumer contracts

Banks and insurance institutions are required to establish a basic system for the management of operational risks. Criteria are set forth for the recognition of critical railway information infrastructure. Shenzhen allows land payments made in installments.

AI service providers are required to protect users' personal information

China's securities watchdog instruct lawyers to tone down China-related risk disclosures in prospectuses; new rules restrict export of drones and related technologies; and bubble tea companies seek foreign listings amidst growing regulatory scrutiny

James Yong Wang and Ziyang Li from Jingtian & Gongcheng examine an unprecedented and significant new Regulation which represents the beginning of a new stage for the private investment fund industry in China