China’s Personal Information Protection Law came into effect on November 1. The draft Network Data Security Management Regulations and draft Measures on Security Assessment of Cross-Border Data Transfer were also recently released for public comment. These new Chinese laws and regulations will have significant impact on the private equity and venture capital industry.
Asia Regional Managing Partner and Head of Greater China Lorna Chen and Partner Brian Burke organized a panel discussion titled “Impact of Recent Legal and Regulatory Changes in China on the PE/VC Industry”, co-hosted by Shearman & Sterling and the Hong Kong Venture Capital and Private Equity Association on November 23, 2021. The panel covered the following topics during the webinar: