Although APPs clearly fall within the scope of internet information services, the Chinese authorities have so far focused their ICP enforcement activities on websites only.
Besides registered capital and financing through operational payments, a keyway for international investors to finance their Chinese operations is through foreign loans to their subsidiary.
In a recent move, the Ministry of Finance and the State Administration of Taxation have jointly issued two announcements, each designed to reduce the financial load on taxpayers in China.
By Connie Chen and Maarten Roos On 3 August 2023, the Cyberspace Administration of China (CAC) released the Management Measures for Compliance Audits on Personal Information Protection (Draft for Comments). These Compliance Audit Measures, once adopted, will oblige all companies in China that handle personal information (PI), to complete regular audits on whether personal information is processed in accordance with the PRC Personal […]
China has been a prime market for foreign investors seeking opportunities. Investors may now have to take steps to ensure data compliance as per the PIPL.
This Q&A deals with some of the more common questions raised by small-scale data exporters based in China, including many foreign-invested companies in the B2B segment, on the steps that they need to take to remain compliant with PRC laws.
On Tuesday, 30 May 2023, the Cyberspace Administration of China (CAC) released the "Guide to the Filing of the Standard Contract for Outbound Transfer of Personal Information (First Edition)" ("Filing Guide"), providing detailed guidance on how exporters of personal information should file Standard Contracts (SCs) with the CAC.
By Fabian Knopf On 8 March 2023, China finally acceded the Hague Convention of 5 October 1961 Abolishing the Requirement of legalization for Foreign Public Documents (Apostille Convention). It will go into effect on 7 November 2023. This event should have a huge and positive impact for international businesses operating in China. Currently, the legalization […]
