Technology Media and Telecom

TMT companies steering towards domestic stock markets for fundraising; CAC releases draft rules tightening scrutiny on push notifications, news content; and companies in China report continued pandemic hit, blame power shortages

Guidelines are given for apps security management.

Crypto-fundraising criminally outlawed; Delisting process to be streamlined and modernized; Controversial anti-spying initiative comes to an end

Pre-set applications on mobile devices should allow uninstallation.

European Union takes China to World Trade Organization over patent anti-suit injunctions; China sanctions U.S. defense giants under anti-foreign sanctions law; and ride-hailing operators on notice to increase compliance

Important and core data are required to be stored in mainland China

Shanghai issues the first data compliance guidelines

Interbank bond market to see changes in subject bond requirements, documentation, risk management, and collateral; rules governing processors of "important and core data" are tightened; Ministry of Education aims to strengthen enforcement actions against non-compliance private tutoring institutions

Financial institutions shall bear management responsibilities when engaging third-party online marketers for their financial products