European companies considering leaving China market over strict COVID-19 policies; Shanghai court ruling deems bitcoin a virtual asset protected by law; Didi New York IPO under SEC investigation
Securities data shall be backed up at least once per day. Before offering a product, a wealth management company shall strictly carry out the internal approval procedure. Global systemically important banks may offer non-capital bonds satisfying total loss-absorbing capacity.
Five months on from our last article on how companies in China are responding to the country's newest data and personal information regulations, we catch up with some of them to see how they have tackled their respective compliance challenges. We also speak with more lawyers to find out other key uncertainties that are making it difficult to carry out practical compliance changes, as well as the areas that the authorities will likely focus on in terms of future enforcement
Beijing approves Baidu, Pony.ai to operate robotaxis without supervisor in driver's seat; U.S government blacklists China again over lax IP protection and enforcement; BlackRock launches private pension product, first foreign asset manager to do so
Security management of a third-party SDK is specified for apps collecting personal information. Shanghai issues an Q&A requiring employers pay legitimate wages to employees sick with COVID-19. Technical IP cases are handled by IP courts and intermediate people's courts.