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Regulatory Escalation in Pharma Sector: China Imposes First Executive Sanctions in a Cartel Case

On May 9, 2025, the Tianjin Municipal Administration for Market Regulation (“Tianjin AMR”) announced administrative penalties against four manufacturers of dexamethasone sodium phosphate (“DSP”) active pharmaceutical...more

China’s First Judicial Decision on Cross-Border Personal Information Transfers: Clarification on Data Localization Requirement

In August 2024, China Judgements Online published a ruling issued by the Guangzhou Internet Court on September 8, 2023, in a case widely regarded as China’s first judicial decision addressing cross-border personal information...more

M&A Transactions and Antitrust Regulation in the Real Estate Industry: Characteristics and Trends in Merger Review Cases

The real estate industry, one of the pillar sectors of the national economy, has played a pivotal role in China’s economic development since the reform and opening‑up....more

A Practical Review of China's Restrictions on Cross-Border Transfer of Personal Information: Developments and Framework

The cross-border transfer of personal information (hereinafter referred to as “PI,” and such transfers as “PI export”) is a routine and often essential part of business operations for companies in China—particularly...more

China Monthly Data Protection Update: March 2025

This monthly report outlines key developments in China’s data protection sector for March. The following events merit special attention...more

China Monthly Antitrust Update: March 2025

This monthly report outlines key developments in China’s antitrust sector for March. The following events merit special attention...more

How China Scrutinizes Foreign Deals: Antitrust and National Security Mechanisms in the BlackRock-Hutchison

On March 4, 2025, CK Hutchison Holdings Limited (“CK Hutchison”), controlled by the Li Ka-Shing family, announced a significant transaction on the Hong Kong Stock Exchange: the proposed sale of 80% equity in its port business...more

DeepSeek and China’s AI Regulatory Landscape: Rules, Practice and Future Prospects

During the 2025 Chinese New Year, DeepSeek, a Chinese artificial intelligence (“AI”) model, garnered intense global attention and sparked heated discussions. It surpassed ChatGPT, which had been in the spotlight previously,...more

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