China lifts foreign investment restrictions on value-added telecommunications services. Generative AI service providers are required to conduct self-assessments of the security of their training data. SAFE simplifies foreign exchange procedures for foreign trade enterprises.
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.
Data handlers are required to identify core and key data. Measures are laid out for handling of sensitive data by banking and insurance institutions. A data transfer path is required for transferring natural resources data.
U.S. expands its ban on forced labor and restricts domestic companies from supplying Chinese microchip factories; NFRA publishes draft measures designed to improve loan syndication in China and align with international standards; and Chinese EV company CH Auto Technology merges with a Delaware SPAC company.
China allows ordinary employee information to be transferred out of jurisdiction without restrictions; EU Chamber report addresses regulatory clarity after risk concerns arise; and Japanese company wins trademark trolling case on unfair competition grounds.
CAC revises the guidelines for filing for security assessment and standard contracts for overseas transfers of data. Business operators may not set different charge rates for the same good or service.
A proposed TikTok bill could give rise to a U.S. equivalent to the VIE structure; The EU's new AI Act has a wide scope that could affect Chinese firms; and Quant funds respond to regulators' crackdown of their industry.
Special audits may be required targeting personal information and data security compliance. Shanghai FTZ exempts stamp tax for offshore trade. The carrying out of specialized subcontracting of road works is encouraged
U.S. government agencies publish compliance note for foreign persons regarding sanctions and export controls; The European Union to ban products made with forced labor; and U.S. bill aims to protect data that would reveal the personal health and genetic information of Americans.
Work secrets are also required to be kept confidential. Limited liability companies are required to have their capital contributions paid in full in five years. Criteria for providing classified surveying and mapping product to a foreign party are set forth.
