Companies need to designate a staff member and office to protect personal information for cross-border transfer. The China National Intellectual Property Administration allows online oral hearings of its administrative decision cases. China Securities Regulatory Commission may implement a position limit system, large position reporting system for derivatives trading.
Sandeep Jadav and Shengyu Jin of FTI Consulting's Technology segment look at the impact of the ever-increasing use of data and the advent of new technologies on legal and investigations teams in the region
The U.S. Copyright Office suggests that some types of AI-generated content may be copyrighted; Big Four auditing firm Deloitte's Beijing Office was fined US$31 million for deficiencies in its audit of Huarong; and Chinese government officials have pledged to allow foreign firms to list when conditions are "mature."
New rules are revised enhancing ethics reviews in life science and medical research. Shenzhen issues data trading rules and regulations on third-party services.
U.S. further protects its technology with new strike force; Hong Kong amends listing rules; and China accedes to the Apostille Convention for international business integration.
A national financial regulatory administration directly under the State Council will be established. Insurance asset management companies are encouraged to engage in ABS and REITs. Approval is required when providing confidential surveying and mapping achievements to foreign parties.