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Shanghai: State Council publishes Implementation Plan for Data Transfers

On February 6, 2024, the Shanghai Municipal State Council announced the publication of the Implementation Plan for Shanghai to Implement the 'Overall Plan for Comprehensively Aligning with International High-Standard Economic and Trade Rules to Promote High-level Institutional Opening of the China (Shanghai) Pilot Free Trade Zone.'

In particular, the Implementation Plan aims to establish a legal, safe, and convenient cross-border data flow mechanism and establish a cross-border data service in the Lingang New Area, as part of the Shanghai Free Trade Zone. In addition, the Implementation Plan specifically considers steps to facilitate cross-border transmission of personal data by financial institutions carrying out data export security assessments, personal information protection certification, and personal information export standard contract filing.

You can read the press release here and the Implementation Plan here, both only available in Chinese.