Chinese tech entrepreneurs are considering moving out of China in order to overcome U.S. tech restrictions; Hong Kong publishes guidelines for virtual asset operators and the licensing process; and China's proposal to impose restrictions on private securities funds causes controversy.
Beijing Municipality issues certificates for data rights
A number of important changes will be brought about by newly amended regulations on commercial cryptography. Casper Sek of Jingtian & Gongcheng takes a closer look
British firms in China are concerned about the way China introduces new regulations and the vagueness of its laws; the European Union introduces additional product safety-related requirements for businesses selling products online to domestic consumers; Hong Kong seeks to allow offerors and their concert parties to vote in a shareholders' meeting regarding a firm's privatization.
China expands Anti-Espionage Law coverage subjecting documents and data to national security protection.
Shipping firms are demanding their Chinese counterparts include break clauses in contracts over concerns about sanctions; Florida and Montana have introduced laws restricting Chinese nationals from owning land; and China is investing in training and research of blockchain technology despite its harsh cryptocurrency crackdown;.
Speculation is growing about the potential extent of U.S. and China decoupling, which brings increased costs and regulatory restrictions. Thinking creatively about supply chain solutions, including building overseas factories local to the end consumer, may mitigate those effects, write Scott Yu and Frank Jiang of Zhong Lun Law Firm
Hangzhou Court applies copyright and unfair competition law to protect virtual human intellectual property in the absence of specific legal provisions; Hong Kong's loosened cryptocurrency rules attract Chinese state-owned banks; and increased regulatory scrutiny pushes Chinese investment in Europe to an 8-year low
Chinese entities faced with a foreign discovery request may be prevented from complying due to PRC data transfer restrictions. How do U.S. courts address this conflict between new Chinese regulations and the need for document discovery in U.S. litigation?
CAC finalizes rules on standard contracts for overseas transfer of data / CLP reference: 5600/23.02.22 ; Promulgated: 2023-02-22 ; Effective: 2023-06-01
