Technology Media and Telecom

CAC releases updated draft cybersecurity review measures to cover overseas listings; HKEX to launch T+2 settlement platform in Q4 2022 at the earliest; and Guangdong outlines data sharing plans for GBA

First high-profile cybersecurity reviews indicate that overseas-listed Chinese tech firms are prime targets for new cybersecurity regime

Cybersecurity review office investigates U.S.-listed Chinese tech giant Didi and others; CSRC updates disclosure rules for listed companies, strengthens ESG provisions; and Shenzhen legislature completes second reading of country's first intelligent vehicle rules

Rongwei (Ron) Cai, Jianwei (Jerry) Fang, and Dianmeng Zhu of Zhong Lun Law Firm introduce the newly enacted PRC Data Security Law, highlight the core data security protection obligations imposed on companies, and set out steps companies should be taking immediately in order to ensure compliance

Shenzhen imposes heavy penalties to protect data privacy

Biden administration expands Trump-era investment ban on Chinese firms with alleged military ties; China customs names and shames foreign brands for importing defective children's products; and SAFE approves record QDII quota

Second draft of Data Security Law broadens its scope of application

Jianwei (Jerry) Fang and Dianmeng Zhu of Zhong Lun Law Firm introduce the second draft of the Law on the Protection of Personal Information, which marks another step towards a complete legislative regime of personal information protection in China

MEE issues carbon trading rules ahead of national market launch; PBOC expands ban on financial institutions providing crypto-related services; and CAC identifies 105 mobile applications for personal information collection violations