In the News: Shanghai Opens New Data Service Center; US Lawmakers Propose Ban on Index Funds Investing in Chinese Companies; and Tech Companies in China Allegedly Abuse Non-Compete Clauses

April 10, 2024 | BY

Brian Chan

Shanghai opens new data service center designed to allow for freer data flows; A bipartisan bill introduced in the U.S. Congress would prevent index funds from investing in Chinese companies; and Former employees of Chinese tech giants, even those who worked at a junior level, are bound by non-compete clauses.

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Shanghai Opens New Data Flow Center with International Standards

Shanghai has opened a data flow service center in the Lingang free-trade zone that is designed to allow for freer cross-border data flows and address foreign businesses' concerns. The center will adopt internationally recognized standards and seek data cooperation agreements with Singapore, New Zealand and BRICS countries. According to the South China Morning Post (SCMP), the center is the first of its kind to be launched by Shanghai's cyberspace administration to help institutions and companies comply with requirements with minimal cost and time. The service center can only advise businesses and submit applications on their behalf. Vetting power is held by the cyberspace administration.

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