Technology Media and Telecom

• In the News: First VIE Overseas Listing Approved; Dyson IP Dispute Mediated; and Cash Dividend Amendments

  China approves the U.S. listing plans of VIE-structured company CheChe; Chinese IP court helps mediate dispute between Dyson and Dreame; and CSRC proposes rules to encourage companies to pay their dividends

  September 20, 2023

  

• Office of the Central Cyberspace Affairs Commission, Specifications for the Work Associated with the Acceptance of, and Dealing with, Reports of Enterprise-Related Online Infringement Information by Website Platforms

  中央网络安全和信息化委员会办公室网站平台受理处置涉企网络侵权信息举报工作规范

  Website platforms are responsible for dealing with online enterprise-related infringement information

  September 17, 2023

• In the News: China Enforces Cybersecurity Rules; Gotion Invests in EV Battery Facility in the U.S.; and Former SEC Chair Urges Disclosure on China Exposure

  China's cybersecurity laws are heavily enforced for businesses of all sizes; Chinese Gotion receives CFIUS approval to build an EV battery facility in Illinois; and Former SEC Chair proposes large public companies disclose their exposure to China

  September 14, 2023

  

• In the News: Expat Tax Exemptions; New IPO Restrictions; and Virtual Assets Recognized

  China announces that overseas taxpayers will be exempt from certain taxes until the end of 2027; China attempts to boost the secondary market by introducing a phased restriction on IPOs; and PRC People's Court recognizes virtual assets as property despite crypto ban

  September 07, 2023

  

• Secretariat of the National Information Security Standardization Technical Committee, Information Security Technology — Security Requirements for Automated Decision Making Based on Personal Information (Draft for Comments)

  全国信息安全标准化技术委员会秘书处信息安全技术 基于个人信息的自动化决策安全要求 (征求意见稿)

  Guidelines are given for informing individuals of automated decision processing of their personal information

  September 05, 2023

• Cyberspace Administration of China, Key Reference Points for Compliance Audits of the Protection of Personal Information (Draft for Comments)

  国家互联网信息办公室个人信息保护合规审计参考要点 (征求意见稿)

  Lawfulness of personal information processing is the focus of an compliance audit.

  September 05, 2023

• The Impact of the EU's New Product Safety Regulation on Chinese Businesses

  With the European Union's revised product safety rules coming into effect in December 2024, Chinese firms should take notice of major changes to the rules and how they can comply with them.

  September 05, 2023

  

• In the News: 3M Settles Bribery Charges in China Subsidiary; China Recognizes Data as Assets; and China Increases Controlling Shareholder Responsibility

  3M pays fine to settle bribery charges on its China subsidiary; China recognizes data as an asset in financial statements; and China revises company law to increase controlling shareholder responsibility in companies.

  August 30, 2023

  

• In the News: Data Security Law Reform?; China Securities IPOs; and US Import Scrutiny Heightened

  China meets executives of international firms in order to reassure them over data security regulations; CSRC seeks regulatory opinion for the frist time for overseas listing; and Chinese automobile parts included in U.S. import detention over Xinjiang concerns

  August 23, 2023

  

• China Issues Significant New Draft Rules Relating to Personal Information Protection Compliance Audits

  New draft measures on personal information protection compliance audits have been released for public comment. Jianwei (Jerry) Fang and Chuchen (Julie) Hou of Zhong Lun Law Firm analyze the legislative basis and specific requirements of the new draft, and provide some practical recommendations for PI processors who are planning for an upcoming compliance audit.

  August 22, 2023