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.
Casper Sek of Jingtian & Gongcheng examines in detail the long-awaited final version of important new provisions governing the cross-border transfer of 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.
