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.

Ordinary employee information may be transferred abroad without restrictions.

Shanghai FTZ exempts stamp tax for offshore trade

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.

Special audits may be required targeting personal information and data security compliance. Shanghai FTZ exempts stamp tax for offshore trade. The carrying out of specialized subcontracting of road works is encouraged

Work secrets are also required to be kept confidential.

Limited liability companies are required to have their capital contributions paid in full in five years.

The first-ever legal framework on artificial intelligence, the AI Act, could set the tone for AI regulation around the world.

U.S. government agencies publish compliance note for foreign persons regarding sanctions and export controls; The European Union to ban products made with forced labor; and U.S. bill aims to protect data that would reveal the personal health and genetic information of Americans.