CHINA Trends and Developments Contributed by: Greg Hallahan, Amanda Rasmussen and Kristine Kwok, Secretariat
Conclusion The introduction of several laws in China in recent years has had a significant impact on data privacy constraints. It is now more challenging to access information from outside China (and without registering accounts using Chinese identification). It may also become more diffi - cult to identify litigation records associated with specific individuals and entities going forward. However, in terms of an overall trend, it is impor - tant to note that access to information in China has improved considerably over the past dec - ade or so. Corporate records are comprehen - sive, litigation records can be extremely helpful, and there is now even (limited) information to assess creditworthiness. Insightful commen - tary on the reputation and background of many companies and individuals can also be found on social media, industry forums and domestic press reports.
the full names of the subsidised employees, their partial ID numbers (from which their age and place of birth can be read) and why they qualify for subsidies (eg, education credentials, achievements or previous employment status). In a recent case, rent subsidy records enabled it to be confirmed that an individual listed as a substantial investor in a listed company was in fact an employee of a Shenzhen-based com - pany. Based on their salary, this individual was unlikely to have the means to invest at the level claimed and indicated they were likely acting as a proxy for another investor. Accessing digital assets Transactions relating to cryptocurrencies, non- fungible tokens and other digital assets can be viewed and analysed via their respective block - chains but the specific entities and individuals making the transactions are not publicly known. In China, all cryptocurrency transactions and exchanges, including via over-the-counter plat - forms, foreign exchanges accessible to Chinese citizens and peer-to-peer trading, have been banned since September 2021. Nonetheless, cryptocurrency discussion forums such as 8btc Forum, Bihu and threads on Zhihu, WeChat and Weibo can be helpful for identifying individuals and companies that are interested in digital assets.
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