Multinational corporations with both a U.S. and China presence may increasingly find themselves caught between two legal systems as both countries implement regulations that seek to achieve diametrically opposite objectives. What are the issues and how should companies prepare and respond?
Online information providers are required to inform customers of deep synthesis
Guidelines are given for apps security management.
Crypto-fundraising criminally outlawed; Delisting process to be streamlined and modernized; Controversial anti-spying initiative comes to an end
Important and core data are required to be stored in mainland China
Shanghai issues the first data compliance guidelines
Interbank bond market to see changes in subject bond requirements, documentation, risk management, and collateral; rules governing processors of "important and core data" are tightened; Ministry of Education aims to strengthen enforcement actions against non-compliance private tutoring institutions
2021 regulatory trends in China, including antitrust, data privacy, sanctions, healthcare, PE/VC, capital markets, IP, banking & finance, TMT and arbitration.
Overseas listings of data processors will be subject to cybersecurity reviews
A mobile app distribution platform is required to authenticate the true identity information of app providers
