China's biggest piece of legislation establishes new legal principles and provides greater protections for personal information, personality rights and more
Hong Kong national security law comes into effect with U.S. sanctions imminent; China launches wealth management connect scheme with Hong Kong, Macao; and NPC publishes draft Data Security Law tightening data protection rules
Foreign investors are allowed controlling shareholding in securities companies, futures companies and life insurance companies according to the 2020 national and FTZ negative lists. Insurance companies are required to keep records of online insurance transactions.
Jianwei (Jerry) Fang, Wenpei Yu and Yue Liu of Zhong Lun Law Firm highlight the pitfalls of M&A transactions that involve the transfer of personal information and steps that the buyer can take to limit value risk and to ensure compliance with personal data protection
U.S. Senate passes bill threatening sanctions against financial institutions, officials over Hong Kong; China shortens negative lists to further open up economy to foreign investment; and CSRC plans to grant securities licenses to domestic commercial banks