Date: May 07, 2024
Event: Webinar
Click here to register (for DCBF, DCCC and DCCHK members only).
Restrictions on cross-border data transfer have long been a cause for concern for foreign companies operating in China, and the Chinese regulators are seeking to address these concerns by lightening up the onerous requirements for cross-border data transfers.
On 28 September 2023, the Cyber Administration of China ("CAC") issued the Regulations for Standardizing and Promoting Cross-Border Data Flow ("Draft Regulations") to solicit public comments. The Draft Regulations appear to overturn some of their previous requirements in relation to cross-border data transfers. If adopted into law in its current form, the Draft Regulations would:
Create exemptions for many companies that export data or personal information from China in certain common business scenarios from otherwise mandatory data export approval procedures.
Raise the data transfer volume thresholds for the CAC's Security Assessment (a more onerous legal mechanism), and leave transfers of low-volume data to less onerous legal mechanisms.
Allow free trade zones to create "Negative Lists" for cross-border data transfers that are subject to mandatory data export procedures.
Almost half a year has lapsed from the day that the Draft Regulations were publicized, many foreign companies are still waiting for the Draft Regulations to be formally issued. In an official press conference on 5 February 2024, the director of the Department of Foregin Investment Management under the Ministry of Commerce said that the Cyberspace Administration of China is contemplating and improving the Draft Regulations and preparing for its promulgation.
In this webinar, Samuel Yang, Partner at Anjie Broad, will introduce all that you need to know about the Draft Regulations, their implications on your business, as well as observations of how multiple national companies are dealing with a time of uncertainty and their practical considerations.
Please contact info@dcbf.dk if you have any questions.
Date: May 15, 2024
Event: Supported Webinar
In the second webinar of the “Staying in Dialogue with China” webinar series, Co-founder and Managing Director of CMG, Markus Hermann, will talk to Prof. LU Feng, Emeritus Professor of Economics at the National School of Development (NSD) at Peking University, about China’s "Market-Oriented Reforms".
China kicked off its institutional reform from a centrally planned to a more market-oriented economy in the early 1980s under Deng Xiaoping, but – unlike the “shock therapy”-type liberalization of the Soviet Union – Chinese policymakers have been careful in introducing market forces in a gradual and dual-track fashion, essentially letting the market grow out of the plan. So, after 45 years, the state still plays a prominent role in China’s economy, even given the official policy goal that the market shall play a “decisive role” in allocating resources.
What are the roles of the “visible” and “invisible” hands in the market based on CCP ideology? How are factors of production (labor, capital, land, data) liberalized today? What are policy factors preventing more rapid liberalization in general? How to balance market forces and government interventions in view of China’s innovation and security needs? What is the link of ‘market-oriented reforms’ and ‘industrial upgrading’ as two structural transitions? What are policy trends regarding capital (state, private and foreign), e.g. the ‘mixed-ownership reform’? What is the reform logic for China’s financial system? How are anti-monopoly and IP protection evolving under the 14th Five-Year-Plan?
Members of DCBF can register for free - Click here to read more and sign up!
This webinar is part of the webinar series 'Staying in Dialogue with China'. The series will bring you six webinars with distinguished China-based experts, concentrated between April and October 2024.
"Staying in Dialogue with China" is organized and hosted by China Macro Group (CMG), with Caixin Global as Anchor Partner, in cooperation with the China Europe International Business School (CEIBS), the Switzerland Global Enterprise (S-GE), Chinaforum Bayern, Swissmem, the European Union Chamber of Commerce in China (EUCCC), the Swiss Chinese Chamber of Commerce (SCCC), Danish-Chinese Business Forum (DCBF), SwissCham China, China Netzwerk Baden-Württemberg (CNBW), the Austrian Chinese Business Association (ACBA), the Stein am Rhein Symposium (stars), and the Sweden-China Trade Council (SCTC).