Cybersecurity

Throughout 2021, China's legislative and enforcement authorities accelerated their all-encompassing regulation of the country's TMT sector, from anti-monopoly enforcement against internet platform giants to further crackdowns on cryptocurrencies, as well as tightening controls on the Internet content industry and online games. Casper Sek of Jingtian & Gongcheng discusses these challenges and the broader context of the regulators' continuing positive attitude towards new technology and overarching goal of safeguarding national security.

Kevin Yuan, Lucca Li and Jocelyn Chen of FenXun Partners discuss China's efforts to support continuous financial innovation in 2021 based on steady development including taking steps to protect the security of personal data in the midst of rapid developments in finance and technology, implementing detailed rules and new initiatives related to fintech innovation, and taking clear steps to open up the financial market to the outside world.

Chinese IPOs in the United States have slowed for several years now, but a raft of regulatory developments in the past year mainly driven by cybersecurity and national security concerns have likely rung the closing bell

Charles Wu and Zaiguang Lu of Han Kun Law Offices review the significant legislative developments of 2021 affecting China's private equity and venture capital industry, and offer insights on the key trends, challenges and opportunities in the sector

Groundbreaking algorithm recommendation regulation finalized; CSRC pilots market makers for STAR Market; and copyright administration prohibits digital music exclusive copyright arrangements

CSRC permits Chinese companies to list overseas with VIE structure after filing; SEC updates disclosure guidance for China-based companies to highlight VIE risks; and Xinjiang forced labor ban signed into law

Both multinationals and domestic companies have already enacted changes to their internal policies and operations in response to China's new data and personal information processing requirements, from human resources management to customer privacy authorizations

Important auto data requires a security assessment when transferred outside of mainland China

OFAC prohibits U.S. investments in AI company SenseTime, Hong Kong listing postponed; CBIRC to remove foreign ownership cap for insurance asset management firms; MIIT orders removal of 106 apps over data violations