Other Briefings
China Releases ESG Reporting Standards for Businesses
China has released new ESG Reporting Standards, aiming for a mandatory, ISSB-aligned system by 2030, with key standards introduced by 2027.
New Data Security Risk Assessment Rules for Industry and Information Technology Sectors
New trial rules clarify data security risk assessments requirements for companies processing core and important data in the industrial and IT fields.
China’s New Company Law: Considerations for Foreign Stakeholders and FIEs
The New Company Law brings substantial changes with implications for new and existing foreign invested enterprises and stakeholders in China. Foreign investors must assess if adjustments to existing structures or new business negotiations are necessary.
China’s Enhanced Beneficiary Owner Filing System: Key Points of New Measures
China’s new beneficiary owner filing measures require business entities, except individually owned businesses, to submit their beneficiary owner information starting November 1, 2024, with a one-year grace period available for entities registered before that date.
Navigating China’s Evolving Approach to Human Genetic Resources: Insights on Regulatory Changes
China has transferred the management of human genetic resources to the National Health Commission, aiming to streamline regulations and foster biotech innovation by balancing oversight and reducing bureaucratic burdens. This shift is expected to enhance international collaboration, attract foreign investment, and expedite drug development in China.
Tax Implications for Businesses Under China’s New Company Law
Under the New Company Law, companies and stakeholders face new tax implications. Ahead of its implementation, thorough understanding, staying informed, and consulting legal and tax experts are essential for proactive risk management.
China Releases New Draft Regulations on Generative AI
China is striving to regulate generative AI while promoting innovation and technological advancement. The NISSTC has issued draft regulations outlining security measures for generative AI service providers, underscoring China’s commitment to responsible AI development.
Shanghai Lingang New Area Releases Whitelists for Data Export, Facilitating Cross-Border Data Flows
Shanghai’s Lingang New Area has released general data lists that will facilitate data export for companies in the automotive, biopharma, and mutual fund sectors.
