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Showing Posts In "China" Category





China Releases Draft Measures on Security Assessment of Cross-Border Data Transfer

The Cyberspace Administration of China recently published the “Draft Measures on Security Assessment of Cross-Border Data Transfer” for public comment, which outlines the requirements for security assessments on cross-border data transfers. The CAC had released previous draft measures specifying the “Security Assessment” requirements and procedures formulated based on the Cybersecurity Law that went into effect […]


China is Entering a New Era in Data Protections

China’s Data Security Law and the Personal Information Protection Law are two key pieces of legislation in the field of information security following the adoption of the Cyber Security Law of the PRC. The Data Security Law provides framework and principles of data protection and sets the tone for administrative rules and regulations, while the […]


New Developments of China’s Restrictions on Cross-Border Transfer of Personal Information Under The PIPL

On July 2, 2021, China’s top ride-hailing platform Didi Chuxing was probed for cybersecurity review two days after its IPO in the US, followed by two similar probes against other Internet companies that were also US-listed. Several speculations spread on why the companies are subject to cybersecurity reviews, and one of them is related to […]


Checklist, Data Security Law of China

Are you on track for compliance with the Data Security Law of China? On June 10, 2021, the Data Security Law was passed in the Standing Committee of the National People’s Congress, and it took effect on September 1, 2021. The DSL serves as fundamental legislation in data security and compliance. Various obligations are imposed […]


Which One Prevails, Chops Vs Signature?

The chop culture in China originated during the Spring and Autumn and the Warring States Period, as a tool to prove the validity of documentation. It became one of the most significant items of a company in modern China, called a company chop or company seal. A company chop must be approved by the local […]


China’s New Data Security Law

On June 10, 2021, China officially passed China’s first Data Security Law, which will go into effect on September 1, 2021. The move means that compliance is becoming increasingly important and complicated for companies operating a business in China or with data originating from China. While waiting for additional implementation rules, enterprises with data that […]


China’s GDPR Is Coming: Are You Ready? Exploring the Upcoming China’s Draft Personal Information Protection Law -Topic Ten – Cross-Border Transfer of Personal Information

 

On October 21, 2020, China released the first draft of Personal Information Protection Law for public comments. The PIPL is regarded as the “Chinese GDPR” and is widely believed to have a significant influence on the development of many industries especially the digital business. Fifteen thematic articles are available to help multinational corporations better understand […]


IS IT POSSIBLE TO SEARCH CHINESE COMPANIES USING THEIR “ENGLISH NAMES”?

As a part of the culture, China uses Chinese as the official language. In cases of the English name, companies normally decide by direct translation, and the English names would be changed since there is no specific rule for it. The “AsiaVerify Machine Dictionary” (AMD) leverages the power of AI and ML to tag a […]


CHINA ISSUES DATA SECURITY LAW

The Data Security Law of the People’s Republic of China was formally issued on June 10, 2021 and will become effective on September 1, 2021. Compared to previous drafts of the law, the final version of the law establishes a work coordination mechanism and clarifies the duties of each governmental authority; establishes an administration system […]


CHINA ECONOMY BOOMS WITH A HUGE INCREASE IN REGISTERED COMPANIES, FOLLOWING POST-PANDEMIC REFORM AND RE-OPENING

The Chinese economy has marked its emergence into a post-pandemic world with a boom in company numbers and revenue, with more than 200 million entities registered on the China mainland as of January 2021. Almost half are one-person companies, and more than 48 million companies with two or more shareholders are active. The top 500 […]




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