News
It is part of the border controls in the pandemic: Anyone who wanted to go to China on a work visa needed a letter of invitation from the government, a so-called PU letter. After loud criticism of this travel obstacle, authorities are now making it much easier to handle.
By Redaktion Table
While China is gradually reducing market access barriers in many sectors, it simultaneously increases import restrictions in areas of high strategic importance. Med-Tech is a prominent example: To reduce the high dependency on imports, China’s government emphasizes “import substitution” in the high-end med-tech market through directives such as “buy China” and “indigenous innovation” policies. Aligned with China’s overarching industrial strategy, digitalization is an essential part of innovation policy in med-tech, illustrated by the rapid development of online hospitals and remote diagnosis in China.
By Redaktion Table
Dezan Shira's experts have taken a closer look at China's new rules for controlling the cybersphere. The law comes into force as early as February 15, 2022. One detail that has received a lot of attention concerns whether IPOs in Hong Kong will be more strictly regulated in the future.
By Redaktion Table
In recent years, China’s regulatory framework for cyber and data governance has developed rapidly. The Personal Information Protection (PIP) Law took effect on January 1, 2022. More regulations and standards will follow. The intensity of the enforcement is catching up with the rules, inspections are increasing. Companies need to act now to ensure compliance and mitigate risks, but also to leverage new opportunities for data usage and monetization.
By Redaktion Table
Hong Kong has become the world's most closed-off financial metropolis as a result of the Covid pandemic. But despite a growing impatience from banks and businesses, borders remain tight. Banks are now ranting in an open letter about the collapsing business as a result of extreme quarantine rules.
By Redaktion Table