Technology Media and Telecom

Revised state secrets protection law specifies acts of violation

A recent change in rules amends the jurisdiction of the IP tribunal of China's highest court, potentially freeing up judicial resources. Fang Qi and Danlei Wu of Fangda Partners review the new rules and their impact

UK NSI Act update may bring new opportunities for foreign companies; Fund registration and operational requirements are relaxed to lower cost of foreign investment in China capital markets; and NFT theft is considered criminal theft due to its property and data characteristics.

China bans those holding state secrets from traveling abroad during the 'confidentiality period'; the European Union requires Alibaba's subsidiary AliExpress to provide information on its measures to deal with illegal products; and the British fashion retailer Missguided is now under the management of SHEIN

Biden's AI executive order lays the foundation for AI export control rules; New Chinese super-financial regulator takes power away from existing state institutions; and U.S. orders immediate halt to some AI chip shipments to China.

China's proposed amendment of its state secrets law has alarmed foreign businesses; a U.S. Congressional committee will probe Sequoia over its China tech investments; and China will scrap its price cap on land sales to revive its property market

CAC relaxes cross-border data transfers by multinationals

Casper Sek of Jingtian & Gongcheng examines the implications of a new set of draft provisions aimed at regulating and facilitating the cross-border flow of data

U.S. further restricts export of chips to curb China's technological advancement; China bans domestic brokerages from offshore trading in order to stabilize its currency; and Chinese court continues to not recognize crypto lending in civil litigation cases