SEC to require Chinese issuers clarify VIE structures and whether listing has government backing; SPC issues judicial interpretation with restrictions on commercial applications of facial recognition technology; and MOFCOM unveils separate negative list for cross-border trade in services in Hainan
Personal health information is required to be stored in China
Electronic employment contracts are signed via special formation platforms
Network product providers are required to promptly report security vulnerabilities
Listings of data processors outside China may be subject to cybersecurity reviews
China's much-anticipated national carbon trading market sees carbon price rise on first day of trading; MIIT, CAC forbid sharing of cybersecurity vulnerabilities information with overseas entities; and Biden administration adds dozens more Chinese companies to export control blacklist
Data that have a bearing on national security are subject to more stringent administration
PRC companies wanting to list outside China face extended cybersecurity reviews and potentially burdensome documentation submission requirements
CAC releases updated draft cybersecurity review measures to cover overseas listings; HKEX to launch T+2 settlement platform in Q4 2022 at the earliest; and Guangdong outlines data sharing plans for GBA
First high-profile cybersecurity reviews indicate that overseas-listed Chinese tech firms are prime targets for new cybersecurity regime
