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.
Chinese court rules against an AI platform for copyright infringement for the first time; the U.S. Department of Commerce opens consultation for the restrictions on Chinese electrical vehicles; and Chinese IP Court imposes punitive damages to stop seed IP infringement
U.S. Biden Administration issues EO restricting sale of information to China and other countries; Nippon Steel's merger with U.S. Steel to be scrutinized over China operations; and China begins second reading of State Secrets Law amendments
Shanghai FTZ allows financial institutions to transmit to foreign parties data that is required for day-to-day operations and Lingang Special Area of the FTZ allows free flow of general data upon record filing. Tianjin categorizes enterprise data according to the industry nature.
Clean energy and data tech updated to U.S. critical and emerging tech list; U.S. House select committee reports that five venture capital funds have invested in the rise of China's key technology companies; and China's stock exchanges release first-ever guidelines on ESG disclosure
The U.S. released new regulations that will bring SPAC disclosure requirements more in line with traditional IPOs; First Chinese VC firm is included in U.S. Defense Department's military-related company list; and China is working on expanding its Anti-Money Laundering Law to cover virtual assets
Antitrust filing thresholds are raised. Jiangsu lists matters covered in the registration of intellectual property rights in data. The limit on a commercial property loan may not exceed 70% of the appraised value of the property.
