Shanghai opens new data service center designed to allow for freer data flows; A bipartisan bill introduced in the U.S. Congress would prevent index funds from investing in Chinese companies; and Former employees of Chinese tech giants, even those who worked at a junior level, are bound by non-compete clauses.
Philip Qu of TransAsia Lawyers examines the extensive legislative and regulatory
developments which took place in China's TMT sector 2023 and sets out how emerging trends
can be expected to continue through 2024
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.
