China Updates
China Relaxes Cross-Border Data Protection Measures
On 22 March 2024, the Cyberspace Administration of China (“CAC”) implemented the Provisions on the Promotion and Regulation of Cross-border Data Transfer (“Provisions”) and updated the guidelines for security assessment and standard contracts (together the “Updated Guidelines”) with immediate effect. The Provisions aim to promote foreign investments into China and lessen the compliance burden of multinational companies on cross-border data transfer.
Prior to the Provisions, data m...