New national security restrictions on investments by U.S. persons in sensitive technologies involving Chinese-controlled entities will affect due diligence and contracting practices for tech deals throughout Asia. Nathan Bush of DLA Piper examines the rules and their likely impact.

Beijing promotes free flow of ordinary data for foreign-invested enterprises

Shenzhen Stock Exchange prohibits shareholding reductions.

Shanghai Stock Exchange prohibits shareholding reductions.

China proposes to allow businesses to transfer certain types of data overseas without restrictions; IBM's former IT services arm Kyndryl plans to split its China business over data security rules and tech restrictions; and Shenzhen's government introduces initiatives to raise funding for local tech companies amidst U.S. tech restrictions

Beijing promotes free flow of ordinary data for foreign-invested enterprises. Shanghai allows free flow of foreign capital for foreign investors. Shanghai and Shenzhen Stock Exchanges prohibit shareholding reductions.

Practice guidelines are issued specifying labeling of AI content

Processing of sensitive personal information may require written consent of the individual

A number of preferential tax policies have recently been extended for four years, with implementing circulars also providing important clarifications on applicable rules. Daisy Duan, Wang Yan and Li Cuishi of King & Wood Mallesons explore the details.