Hong Kong finalizes secondary listing reforms to attract more Greater China Issuers; SAMR fines tech giants for failing to declare transactions; and German insurer Allianz approved to take full control of life insurance business
Jianwei (Jerry) Fang and Runyang Liu of Zhong Lun Law Firm highlight provisions from the newly released Measures for the Security Assessment of Overseas Transfer of Data (Draft for Comments) issued by the Cyberspace Administration of China (CAC) and discuss the issues arising out of outbound data transfer
Hong Kong IPOs also subject to cybersecurity review; social, sustainability bond issuance pilot for foreign issuers; and U.S. law bars new equipment licenses for Chinese telecoms firms