March 22, 2024
Vague provisions in Hong Kong’s new national security law around state secrets and links to foreign entities have put on edge many global businesses in the financial hub, with some consultants and hedge funds updating contingency plans and seeking legal …
January 11, 2024
China’s financial regulator told its banks and insurers to thoroughly review cyber and data security across all their businesses, underscoring the government’s increased focus on national security and data integrity. In a directive sent at the end of last year, …
September 19, 2023
European Union businesses are concerned about China’s data laws, including their “lack of clarity” and the “long processes” that companies have to undergo, European Commission Vice President Vera Jourova said on Tuesday. In July, China expanded its counter-espionage law. It …
August 25, 2023
China’s securities regulator met with representatives from top Western asset managers on Friday to reassure them about the country’s economic prospects, as its post-COVID recovery falters, two people with knowledge of the matter told Reuters. The China Securities and Regulatory …
August 23, 2023
China fined U.S. firm Mintz Group about $1.5 million for doing “unapproved statistical work,” said a Beijing Municipal Bureau of Statistics notice, after a raid of its Beijing office sparked worries about China’s openness to foreign investment. The Beijing’s Bureau …
March 2, 2023
Chinese regulators have eased some deadline pressure on multinational companies struggling to comply with new rules requiring them to seek approval to export user data, according to lawyers advising clients on the matter. In theory, global companies operating in China …
February 23, 2023
Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms, signaling continued concerns about data security even after Beijing reached a landmark deal to allow US audit inspections on hundreds of Chinese firms listed …
April 25, 2022
China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group warns. The government’s curbs on data movement across …