China’s draft Amended Anti-Money Laundering (AML) Law1 (AML Law) was submitted to the Standing Committee of the National People's Congress (NPC) on September 10 for the second of what are generally three readings....more
10/1/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
China ,
Compliance ,
Cross-Border Transactions ,
Customer Due Diligence (CDD) ,
Data Privacy ,
National Security ,
Penalties ,
Pending Legislation ,
Personal Data ,
Popular ,
Proposed Amendments
On Sunday August 13, 2023, the State Council released the Opinions to Further Optimize the Environment for Foreign Investment and Increase Efforts to Attract Foreign Investment (“Opinions”)....more
8/16/2023
/ China ,
Cross-Border Transactions ,
Economic Development ,
Foreign Investment ,
Green Initiatives ,
Green Technology ,
Manufacturers ,
Public Policy ,
Public Procurement Policies ,
Tax Incentives ,
Technology Sector
On July 19th, 2023, the Central Committee of the Communist Party of China (CPC) and the State Council jointly released a detailed policy entitled “Opinions on Promoting the Development and Growth of the Private Economy” (the...more
On December 16, 2022 – less than six months after the initial version (“V1.0”) was released in June 2022, and within six weeks after the draft revision was issued on November 8 – the National Information Security...more
The Standing Committee of China’s National People’s Congress on October 21 released the draft Personal Information (PI) Protection Law (the Draft Law) for public comments through November 19. It consists of 70 articles across...more