A new policy Q&A document has been published by China’s data regulator. Xiangxiang Ma of Anjie Broad Law Firm examines this next vital step in the evolution of China’s framework of data transfer regulations
Trump signs defense bill including restrictions on U.S. outbound investments into China. | Trump orders HieFo to divest acquired technology on national security grounds. | China includes drones into Civil Aviation Law in major overhaul
AI anthropomorphic interaction services may require a security assessment. Foreign investment catalogue is expanded to include AI projects. Investors may be prohibited from international trading if PRC interests are jeopardized.
Network data processors are required to conduct risk assessments of their data regularly. Cybersecurity products require labeling according to their levels of cybersecurity capabilities. CSRC revises listed company rules to mitigate capital market risks.
The EU has reached a provisional deal requiring member states to screen foreign investments and changed its pharmaceutical legislation after over 20 years; and Hong Kong has warned investment banks not to prepare substandard IPO applications.
Jianwei (Jerry) Fang, Rui Yang, Songyang Wang and Chen (Cissy) Chen of Zhong Lun Law Firm explain a new transparency drive requiring companies, partnerships, and foreign companies’ branch offices in Mainland China to file beneficial ownership information with local authorities. The authors outline the critical aspects of the new rules, including the scope of entities subject to the filing, the identification of beneficial owners, key deadlines, and the importance of timely compliance
Jianwei (Jerry) Fang, Rui Yang, Ke Dong, Chen (Cissy) Chen and Yongan Shen of Zhong Lun Law Firm continue their analysis of China’s evolving export control regime. Here, the authors focus on recent development in China’s rare-earth export control framework, in particular, the scope of the one-year suspension of the Rare Earth Measures, ongoing compliance obligations, and potential legal risks for foreign businesses
Shanghai issues typical cases on patient and consumer data leakages. | Some rare earth shipments accelerated following China’s issuance of general export licenses. | China’s securities regulator strengthens rules to combat financial fraud in listed companies