Cybersecurity review office investigates U.S.-listed Chinese tech giant Didi and others; CSRC updates disclosure rules for listed companies, strengthens ESG provisions; and Shenzhen legislature completes second reading of country's first intelligent vehicle rules
Tax filing is not needed for domestic reinvestment of a foreign investor. E-commerce orders are exempted from stamp tax. Personal health information is required to be stored in China.
Rongwei (Ron) Cai, Jianwei (Jerry) Fang, and Dianmeng Zhu of Zhong Lun Law Firm introduce the newly enacted PRC Data Security Law, highlight the core data security protection obligations imposed on companies, and set out steps companies should be taking immediately in order to ensure compliance
SAMR prohibits business operators from using standard clauses to limit liability. Cybersecurity is strengthened on intelligent connected vehicles. Enterprise income tax treatment of cross-border hybrid investments is clarified.