Chinese Legislation

Total 27 Posts

What Is in China's New Futures and Derivatives Law?

China's legislative body recently passed its first Futures and Derivatives Law after nearly a decade of work. The law aims to provide a legal basis for various activities in the market, as well as cross-border transactions. The new law will take effect on August 1.

U.S. Trade Association Warns of "Uniquely Restrictive" Data Rules in China

The US-China Business Council recently issued a report on China's data/cybersecurity regulatory regime, which it described as "uniquely restrictive." It further laid out the primary challenges that American firms are facing in complying with the laws.
WTO

WTO Members Discuss Chinese Export Control Law

In recent years, China has been developing an export control law, which to some extent is similar to that of the United States and other countries. As China is still developing the implementing regulations, other governments have been weighing in and raising concerns. At the July 8 and 9, 2021

China Issues Its First Personal Information Protection Law

On August 20, China’s Standing Committee of National People’s Congress passed the nation’s first Personal Information Protection Law (个人信息法) (PIPL) (informal English version here). It is modeled after the Europe Union's General Data Protection Regulation, and has been called by some western media “one of the strictest

Shenzhen Issues First Comprehensive Data Rules

On June 29, the Standing Committee of Shenzhen Municipal People’s Congress passed the Data Regulations of Shenzhen Special Economic Zone (hereafter referred to as “the Data Regulations”) (深圳经济特区数据条例, link in Chinese). The rules will take effect on January 1, 2022. Shenzhen is the home of more than 300 (link

China Proposes Expanding and Clarifying Cybersecurity Reviews

On July 11, the Cyberspace Administration of China (CAC) issued a draft of the revised version (the Draft) of the Measures on Cybersecurity Review (网络安全审查办法(修订草案征求意见稿)). The revision, once finalized, would serve as the legal basis for the cybersecurity reviews launched recently. The Draft solicits comments, which are due by

China's New Anti-Foreign Sanctions Law

On June 10, 2021, China passed the Anti-Foreign Sanctions Law (反外国制裁法) ( “the AFSL”), as its tensions over trade, technology, Hong Kong and Xinjiang with both the United States and the European Union continue to heat up and lead to more sanctions. The new law is China's latest legislation to respond
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