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Get colocation pricing now! Bloomberg or Symphony) would have to agree to submit to any SFC requests on client data, without notifying the client first. There are ten carrier neutral data centers in Hong Kong. Table E485 : Hong Kong Domestic Household Projections [Bilingual (Traditional Chinese and English)] XLS. Major cloud vendors declinedDigFins request for comment. Statistics on Standardised Care Need Assessment Mechanism for Elderly Services, New The language of the law, passed in 2002, mandates the SFC to get its hands on institutions data when required, but didnt foresee digital developments. Modernize legacy applications, deliver outstanding digital customer experiences, and accelerate your time to market with enterprise . Provides an overview of the key privacy and data protection laws and regulations across the globe. The immediate brunt of the SFCs mandate, however, falls on service providers such as cloud vendors, data service centers and messaging platforms the infrastructure of reporting on money and transactions. Subscribers can view the subscribed feeds with any RSS reader or browser with built-in RSS reader. a) data localization / data residency laws that mandate retention of personal data or a copy thereof in the local jurisdiction (include whether copies or the original data may be also be stored outside of the jurisdiction): . This might not mean all data and always. [Last updated: April 2022] There's another demand that European governments and repressive regimes alike are making and, in the long. All about Hong Kong: Not Macau Cantonese, not Guangzhou Cantonese, but Hong Kong Cantonese! Meanwhile, inflation . Data localization is the practice of storing and processing data in the same country where you originally collected it. It expects over 30% of the population to be above 65 by 2041. What are QR codes, and their role in mobile money? How did the SFC get itself into this situation? The dataset provides information on Foster Care Service by number of Foster Homes and by number of Foster Children in Placement, Information on residential care services by type of homes, number of homes, number of places, Number of Referrals Received for Assessment and Number of Assessments Completed. This dataset provides experimental meteorological data collected by the smart lampposts, including air temperature, relative humidity, 10-minute mean wind direction and speed. Copyright 2020 Digital Finance Media Limited. Survey of Drug Use among Students, New Tel: +852 6778 7098. This daily updated RSS feed, provides information on data files at DATA.GOV.HK that are either newly made available or with destination path updated in the past 14 days. Prior to joining Sidley, Shu Min practiced at a magic circle firm in the UK. Fire Protection and Prevention Indicators (Provisional Figures), New Provide half-hourly gridded rainfall nowcast data in Hong Kong up to the next two hours, Data on daily total rainfall (Please visit the reference link for other climate information), Data on daily mean relative humidity (Please visit the reference link for other climate information), Provide South China Coastal Waters bulletin, Provide regional weather in Hong Kong - past 24-hour temperature difference (the data provided is provisional), Provide information on Hong Kong Observatory resource centre, Provide information on the network of weather stations in Hong Kong, Provide 9-day weather forecast of Hong Kong, Provide current weather report of Hong Kong, Provide local weather forecast for today and/or tomorrow, Provide detailed information of weather warning(s) in force, Provide a summary of the weather warning(s) in force in Hong Kong, Provide special weather tips in force in Hong Kong, Provide information on earthquakes of magnitude 6.0 or above worldwide, as analyzed by the Hong Kong Observatory, Provide reports on earth tremors felt in Hong Kong, Data on daily maximum, mean and minimum temperatures (Please visit the reference link for other climate information), Provide regional weather in Hong Kong - latest 10-minute mean visibility (the data provided is provisional), Provide cloud-to-ground and cloud-to-cloud lightning count over Hong Kong territory in the past hour (the data provided is provisional), Provide tropical cyclone track information, Provide times of sunrise, sun transit, sunset, Provide times of moonrise, moon transit, moonset, Provide predicted tidal information (Hourly heights of astronomical tides), Provide predicted tidal information (Times and heights of astronomical high and low tides). It is unclear what specific steps the SFC will take to ease the rules, the people with knowledge of the matter said. The 2022 Guidance is split into three "parts": Part 1 is an introduction of the 2022 Guidance and the rationale underpinning it; The table also specifies the abbreviation of the relevant country-specific environment that you'll see in the admin center. Dezan Shira & Associates combines technological proficiency and local knowledge in advising and assisting clients with IT systems in Asia. Mainland China and India already have strict rules about storing data onshore. Only two jurisdictions impose data localization requirements: Kazakhstan's privacy law requires companies to store their data locally and China's Cybersecurity Law requires operators of critical infrastructure to store within China both personal information and "important data" collected and produced in the course of their business operations. Data Localization laws can be broadly classified under "Data Sovereignty". The legislation needs an overhaul, but getting amendments or new laws passed in Hong Kong is a quagmire. In part two of this series, OneTrust DataGuidance considers the rules in the APAC region which govern children's personal data, featuring perspectives from New Zealand, the Philippines, and Singapore. When the SFC issued its circular, it required each institution to name two managers in charge. Localize and transcreate your content. Technology jobs available with eFinancialCareers. Data localization refers to a mandatory legal or administrative requirement directly or indirectly stipulating that data be stored or processed, exclusively or non-exclusively, within a specified jurisdiction. 2022-09-30 13:35 1605 HONG KONG, Sept. 30, 2022 /PRNewswire/ -- Milbank LLP, which has practiced in Hong Kong for many years as a registered foreign law firm providing advice on English and New York laws, is pleased to announce that it has localized its practice into a Hong Kong law firm. Share Mail Tweet Linkedin Print Whatsapp. Third, market participants may decide not to comply. data localization MNCs in the News-2021-September China Ministry of Commerce (MOFCOM) looking at negative list for cross-border services trade in the country's free trade zones (FTZs). Should I choose P.R.China Localization and than Hong Kong as Country or may be a bug? Regional Weather in Hong Kong - the latest 1-minute mean grass temperature from 5:00 p.m. to 8:00 a.m. the following date Hong Kong time, New (The next big thing!? Subsequent convictions can result in a maximum fine of HK$100,000 with a daily penalty of HK$2,000 if the offence continues after conviction. Second, the Hong Kong arm of a broker may put its data on a public cloud, where it commingles with data from that firm's Singapore or U.S. office. United States: Tel: +1 970 510 6500. Arpana Krishnan explains. 28Hse provides information for the Hong Kong property market, including latest property listings by agents and landlords, property transaction data. The data user has taken all reasonable precautions and exercised all due diligence to ensure that the data will not, in that place, be collected, held, processed, or used in any manner which, if that place were Hong Kong, would be a contravention of a requirement under the Ordinance. Every 10 Minutes. But it has had quite a few experiences with smaller institutions whose managers in charge fled town before malfeasances came to light. The PIPL moves to resolve these uncertainties with respect to cross-border transfer of personal data, but in a way that multinational organizations will likely find challenging in practice. What this means is cloud vendors, data storage centers, or hosts of messaging (e.g. According Article 37 of the Law, all personal information and other key data produced and gathered by CII operators (and now also network operators) must be stored in servers located in mainland China. Accumulative Number of Senior Citizen Cards issued, New Hong Kong is a bi-literate and trilingual city where 88.9% of people speak Cantonese daily.The second popular language is English (4.3%), followed by Other Chinese dialects (3.1% ), Mandarin / Putonghua (1.9%), and other languages (1.9%). Provide regional Weather in Hong Kong - the latest 10-minute mean wind direction and wind speed and maximum gust (the data provided is provisional), Provide regional Weather in Hong Kong - the latest 1-minute global solar radiation and direct solar radiation and diffuse radiation (the data provided is provisional), Provide regional Weather in Hong Kong - the latest 1-minute mean grass temperature from 5:00 p.m. to 8:00 a.m. the following date Hong Kong time (the data provided is provisional), Provide regional Weather in Hong Kong - the latest 1-minute mean sea level pressure (the data provided is provisional). Hong Kong. Regional weather in Hong Kong - the latest 1-minute mean air temperature. For insight into handling children's personal data in Australia, China, India, and Japan, please see part one here. This includes having institutions (in regulatory parlance, licensed corporations) appoint managers in charge, i.e. DLA Piper Intelligence brings together knowledge sites that answer legal questions from our clients around the globe. Hong Kong Chung Data Center is built according to world-class standards, with 24 x 7 x 365 operations by a team of professionals. No. Click here for trending data centers in Hong Kong. Out of a total of 28, ten data centers offer remote hands support, you can host . Traffic data from Traffic Data Analytics System, The Second Hong Kong Population-based Food Consumption Survey (2018-2020), Accumulative Number of Senior Citizen Cards issued, ELECTRICAL AND MECHANICAL SERVICES DEPARTMENT, Approved Student Number Targets (Full-time equivalent) of UGC-funded Programmes by University and Level of Study, Average Annual Salaries of Graduates of Full-time UGC-funded programmes who were in Full-time Employment by Level of Study and Broad Academic Programme Category, AGRICULTURE, FISHERIES AND CONSERVATION DEPARTMENT, CIVIL ENGINEERING AND DEVELOPMENT DEPARTMENT, Ground Investigation (GI) and Laboratory Test (LT) Records, Regional Weather in Hong Kong - the latest 10-minute mean wind direction and wind speed and maximum gust, Regional Weather in Hong Kong - the latest 1-minute global solar radiation and direct solar radiation and diffuse radiation, Regional Weather in Hong Kong - the latest 1-minute mean grass temperature from 5:00 p.m. to 8:00 a.m. the following date Hong Kong time, Regional Weather in Hong Kong - the latest 1-minute mean sea level pressure, Statistics of (i) Standard Patent (Reregistration) Applications with Designated Patent Applications based on Patent Cooperation Treaty (PCT) applications; and (ii) Short-term Patent Applications based on PCT Applications, Statistics on Complaints Handled by Lump Sum Grant Independent Complaints Handling Committee, Statistics on Residential Care Services for the Elderly, Statistics on Standardised Care Need Assessment Mechanism for Elderly Services, https://data.gov.hk/filestore/feeds/data_rss_en.xml. While Article 37 of the Law requires data localization only by "critical information infrastructure" operators, the Draft Measures and the Draft Guidelines modify the language, and indicate all "network operators" are obliged to comply (Draft Measures Article 2 and Draft Guidelines Article 3.1). Statistics of (i) Standard Patent (Reregistration) Applications with Designated Patent Applications based on Patent Cooperation Treaty (PCT) applications; and (ii) Short-term Patent Applications based on PCT Applications, New Resources; Latest News in Hong Kong. China VAT Interface is a China Localization for Microsoft Dynamics to exchange data with the Golden Tax System in flexible manners. The practice has a dedicated IT team that is experienced in providing cost-effective solutions for traditional IT infrastructure, Cloud computing applications, and enterprise resource planning (ERP) systems. If the SFC asks the vendor to hand over this data, it could put the vendor in a position of having to breach the privacy of the client in other jurisdictions. Put these scenarios in Russia or China and American tech companies would be up in arms. The authenticity of this mutations was ascertained with separate PCR reactions and both strands were sequenced (data not shown). China's Cybersecurity Law (CSL) serves as the foundation for legal requirements on data localization and cross-border data transfer. 33. The SFC wants to know how it can exercise enforcement if it cant exercise a dawn raid. 2 China's recently published Data Security Law . Joint Financial Intelligence Unit Statistics, New China, Russia, and India). You can see that in the attached file. Securities regulators usually try to operate on the basis of principles rather than line-by-line instruction. HONG KONG, March 11 (Reuters) - Hong Kong is considering softening new data storage rules, amid concerns of conflict with confidentiality laws elsewhere as authorities globally look to balance regulatory requirements, companies needs and privacy concerns, two people said. The following table provides the list of all countries/regions where Dynamics 365 Business Central is available or in planning for future availability. firms might prefer a lawsuit to compliance. Regulators of all stripes prefer to act within existing frameworks and defer grander questions to the government. Morning Walker Gardens in Country Parks, New China's Data Security Law was published on June 10, 2021, and will be formally effective starting September 1, 2021. Bloomberg, Hong Kong job: Apply for Localization Coordinator - Hong Kong in Bloomberg, Hong Kong. Join our community for free to access exclusive whitepapers, reports, and regulatory information. But some observers disagree with that assessment. By signing up you agree to OneTrust DataGuidance's Terms and Conditions and Privacy Policy. 2 old maps in the scale 8 inches to 1 mile (1 : 7 920) depict the topography of the Kowloon Peninsula in 1947 and 1963. Regional Weather in Hong Kong - the latest 10-minute mean wind direction and wind speed and maximum gust, New Kong Enterprise is the fastest, most feature-advanced, and secure API management solution built on Kong Gateway the world's most adopted API gateway. Moovit is the #1 local transport app in the world trusted by over 140 million users across more than 2000 cities in 44 languages. In other words, according to these external voices, the SFC has been burned by small-time local brokers who lacked the capacity to pay for proper compliance, or were dodgy. In recent years, the Vietnamese government has attempted to follow global best practices in regulating data. Moov it Moovit is the #1 local transport app in the world trusted by over 140 million users across more than 2000 cities in 44 languages. An SFC decision on enforcement has raised unintended question marks regarding data compliance. Please click here for the, Regional weather in Hong Kong - past 24-hour temperature difference, Daily maximum, mean and minimum temperatures, Regional weather in Hong Kong the latest 10-minute mean visibility, Lightning count over Hong Kong territory in the past hour, Predicted tidal information (Hourly heights of astronomical tides), Predicted tidal information (Times and heights of astronomical high and low tides), Smart lampposts real-time experimental meteorological data (Post quality checks), Latest 15-minute mean UV index from 7:00 a.m. to 6:00 p.m. Hong Kong time, Regional weather in Hong Kong the maximum and minimum air temperature from 1-minute mean temperatures since midnight, Regional weather in Hong Kong the latest 1-minute mean air temperature, Regional weather in Hong Kong the latest 1-minute mean relative humidity, Regional weather in Hong Kong the latest 10-minute mean wind direction and wind speed and maximum gust, Regional weather in Hong Kong the latest 1-minute mean sea level pressure, Regional weather in Hong Kong the latest 1-minute global solar radiation and direct solar radiation and diffuse radiation, Regional weather in Hong Kong the latest 1-minute mean grass temperature from 5:00 p.m. to 8:00 a.m. the following date Hong Kong time. Ground Investigation (GI) and Laboratory Test (LT) Records, New Nor can they simply hand over the entirety of a clients data. Cloud vendors are also coming up with more commoditized services that, over time, will be easier to adapt to such regulations, even on behalf of smaller users. Data held and used by the Hong Kong government to govern the security, defence and the international relations of the country. The SFC is running the risk that this turns out to be more irritating than Hong Kongs street protests.. Neither sources wanted to be named as the negotiations are private. After . The standard patent (re-registration) applications and short-term patent applications concerned refer to those made pursuant to sections 16 and 125 of the Patents Ordinance respectively. How we communicate in daily life: Hong Kong culture is unique mixture of Chinese, British and Western culture in general. Signup for a trial to access unlimited content. And the fallout risks moving Hong Kong out of the category of jurisdictions in which data can confidently move and be stored across borders. Approved Student Number Targets (Full-time equivalent) of UGC-funded Programmes by University and Level of Study, New What are stablecoins and why do they matter? The Second Hong Kong Population-based Food Consumption Survey (2018-2020), New In this age of technology, it is often said that the most valuable resource is no longer oil or gas but data. Brief: Dataset UrbanNav-HK-Data20190428 is collected in a typical urban canyon of Hong Kong near TST which involves high-rising buildings, numerous dynamic objects. In fact, it seems intended to affirm Hong Kong as a place where financial institutions can place data with overseas cloud vendors, data storage centers, and messaging platforms. For these vendors based outside of Hong Kong, the circular says, the licensed corporation must obtain an undertaking by the [vendor]to provide Regulatory Records and assistance as may be requested by the SFC.. A number of games have been banned for "smearing the image of China and the Chinese army" ( Command and Conquer: Generals, I.G.I.-2: Covert Strike ). Global tech companies have long. Politics has always been a sensitive topic for Chinese authorities. This localization contains some words only used by Hongkongers. Traffic data from Traffic Data Analytics System, New China's Ministry of Industry and Information Technology publishes draft regulations relating to the classification of data and data export restrictions. DataProtection Authority| RegulatoryAuthority, 3.2. Boundary of Scheduled and Designated Areas, New Enhanced Natural Terrain Landslide Inventory, New The materials herein are for informational purposes only and do not constitute legal advice. leads tech adoption: McKinsey, Changing asset mgmt | Scott Treloar, Noviscient | VOX 35, Ashley Alder: defender of investors, but fintech skeptic, Citis tech agenda | Stacey Lacy | DigFin VOX Ep. Date of last update: 11 Oct 2022. The data on the coronavirus pandemic is updated daily. To be clear, the SFC circular of October 31, Use of external electronic data storage, does not explicitly obstruct this. Kornelia Papp explains insurance use cases, What is Proof of Stake? But industry bodies are working with SFC on some frequently asked questions to clarify the rules - to make compliance easier without limiting the regulators ability to obtain data during investigations, one of the people added. New Focusing on data localisation in the context of data privacy and the governance of globalised data flows, the report proposes a definition for data localisation, outlines a roadmap to ensure that data localisation does not impede transborder data flows, and makes recommendations to support such work. The summary results of the Second Hong Kong Population-based Food Consumption Survey (2018-2020) on consumption of food groups, food subgroups and food frequency questionnaire items, Information on accumulative number of Senior Citizen Cards being issued, Approved projects under Public Sector Trial Scheme - Special Call for Projects for the Prevention and Control of Coronavirus Disease 2019 (COVID-19) in Hong Kong (PSTS-COVID-19), Statistics on approved student number targets of UGC-funded programmes, Statistics on average annual salaries of graduates of full-time UGC-funded programmes who were in Full-time Employment, Boundary of Scheduled and Designated Areas, Curriculum Content and Syllabus of Instrumental Music Training Scheme, Data on daily mean wind speed (Please visit the reference link for other climate information), Data on daily prevailing wind direction (Please visit the reference link for other climate information), Enhanced Natural Terrain Landslide Inventory, Fire Protection and Prevention Indicators (Provisional Figures), General Figures of Disciplined Officer and Civilian Officers. Approved projects under Public Sector Trial Scheme - Special Call for Projects for the Prevention and Control of Coronavirus Disease 2019 (COVID-19) in Hong Kong (PSTS-COVID-19), New Shu Min Ho represents clients in complex, multi-jurisdictional investigations and commercial disputes across a broad range of sectors. General Figures of Disciplined Officer and Civilian Officers, New The data shown in this page correspond to the data described on the International Monetary Fund's Dissemination Standards Bulletin Board (DSBB). Age Distribution of Escalators, New Statistics of (i) standard patent (reregistration) applications with designated patent applications based on PCT applications; and (ii) short-term patent applications based on PCT applications are provided in CSV format. We speak Cantonese with some English together. Curriculum Content and Syllabus of Instrumental Music Training Scheme, New Unlike most transnational corporations that adapt local culture to accommodate local tastes in foreign markets, we . Russia's new data localization law, Federal Law No. Search Localization jobs in Hong Kong with company ratings & salaries. Australia: Tel . But it also tacked on a clause that took the industry by surprise and has led hedge funds, prime brokers, private-equity firms and high-frequency trading shops to review their Hong Kong businesses. Our Standards: The Thomson Reuters Trust Principles. Refers to these issues as implementation challenges, Van Der Loo, director for and! With any RSS reader or browser with built-in RSS hong kong data localization or browser with built-in RSS reader in the UK money. To be above 65 by 2041 mutations was ascertained with separate PCR reactions and both strands were (! Is unique mixture of Chinese, British and Western culture in general move be! 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