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Day: November 24, 2021

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China Updates

China Updates – November 2021

Draft Measures for the Security Assessment of Outbound Data On 29 October 2021, the Cyberspace Administration of China released the Measures for the Security Assessment of Outbound Data for public consultation. These measures aim at regulating the outbound transmission of data in accordance with the Cybersecurity Law, the Data Security Law, the Personal Information Protection Law, and other laws and regulations. The measures provide a standardized framework for data processors when they provide overseas with important data collected and generated

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Hong Kong FinTech Week – Opportunities for Brazilian companies

The Hong Kong FinTech Week is an event focused on providing a platform for participants across the globe to share their innovations, organized by the Hong Kong Monetary Authority and InvestHK. Thiago Cruz Silveira, Principal Consultant of InvestHK in Brazil, has provided us with exciting comments and numbers concerning the event: The latest results of HK Fintech Week and over 25 satellite events throughout the week are nothing but impressive. – No. of attendees (physical + virtual): Over 20,000 from

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Events and Activities

CW Shanghai office activities in October – November 2021

  The 4th Edition of China International Import Expo 2021 As the 4th edition of the China International Import Expo (CIIE) 2021 started on the 2nd week of November, local and international brands actively participated in the event designed to help them take the first steps into the Chinese market. Although the current travel restrictions are still in effect, the CIIE still attracted international brands and products being showcased for five days and offered the opportunity to connect buyers and

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Corporate Secretarial

Fintech solutions for your business in Hong Kong

Fintech has transformed our daily lives in all aspects, from banking, money transfers, lending, capital management, etc. In Hong Kong, developing fintech is strongly supported by the Hong Kong Monetary Authority with programs such as Talent Development looking to create 1000 jobs in fintech, the Fintech Supervisory Sandbox, and the Cross-border Collaboration with the Greater Bay Area. With fintech booming globally, Hong Kong is experiencing a surge of investments flowing into the sector. According to Accenture, Hong Kong attracted fintech

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China Consulting

Protecting China Employees’ Personal Information: Key Points for HR Management

China’s Personal Information Protection Law (“PIPL”) came into effect on 1 November 2021. Accompanying the PIPL, the Cyberspace Administration of China (“CAC”) also published draft Measures for the Security Assessment of Outbound Data for public consultation. In most cases, multinational companies with operations in China will involve some communication going back and forth between China and the overseas headquarters. These companies need to collect and process information from their existing and prospective employees, from the recruiting process to the end

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