Thousands of cross-border data export applications await CAC approval; China continues to crack down on the use of cryptocurrency in foreign exchange transactions while Hong Kong proposes licensing them; and China again allows net-selling of stocks for mutual funds.
China restricts export of personalized push services based on AI algorithms; JD.com wins anti-monopoly case with record damages; and China amends Criminal Law to increase punishment for corruption
Casper Sek of Jingtian & Gongcheng examines new implementation guidelines for data transfers and explains how these fit into the wider context of cooperation within the Greater Bay Area, as well as how companies will benefit
Public may no longer be able to access court rulings as CJO database might be closing; Analysts worry a new CSRC draft might lead to problems with start-up financing; and China proposes a four-tier classification system to deal with data breaches
Chinese court established the FRAND rate for 5G patents in Oppo v Nokia case; Regulator warns Gotion of failing to disclose conditions of its deal with Illinois; and Apps like Alibaba Marketplace and Taobao Alliance are violating data collection laws
UK NSI Act update may bring new opportunities for foreign companies; Fund registration and operational requirements are relaxed to lower cost of foreign investment in China capital markets; and NFT theft is considered criminal theft due to its property and data characteristics.
Biden's AI executive order lays the foundation for AI export control rules; New Chinese super-financial regulator takes power away from existing state institutions; and U.S. orders immediate halt to some AI chip shipments to China.
China's proposed amendment of its state secrets law has alarmed foreign businesses; a U.S. Congressional committee will probe Sequoia over its China tech investments; and China will scrap its price cap on land sales to revive its property market
