News Snapshot:
China has launched a flurry of crackdowns targeting sectors ranging from technology to cryptocurrency to property. The People’s Daily’s article could put Chinese online brokers next in the regulatory crosshairs. Such brokerages, which help mainland Chinese individuals invest in overseas stock markets such as in the United States and Hong Kong, could violate data privacy rules and also run compliance risks, the article said. The new rules will regulate export of personal data, posing a challenge to online brokers that provide cross-border trading services to mainland Chinese citizens, the People’s Daily said. China will implement the Personal Information Protection Law...
