Promulgated by the State Council on 30 September, new Regulations on Network Data Security Management will be implemented from 1 January 2025. The new regulations cover overall network data security requirements and rules, elaborate personal information protections, improve security for important data, optimise the administration of cross-border data flows, and set out the obligations of network platform service providers.

U.S. Customs and Border Protection will accept public input through 30 November on separate proposals to modify the tariff classifications of certain women’s pants and video goggles.

Hong Kong’s electronics industry is the territory’s largest merchandise export earner, accounting for 70.4% of the city’s total exports in 2023. A substantial portion of this business, largely re-exports, are regarded as high-tech products, especially those related to telecommunications equipment, semiconductors and computer items.

The Second Agreement Concerning Amendments to the Mainland & Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services (Amendment Agreement II) was signed by the Ministry of Commerce and the Hong Kong Government on 9 October this year. Set to be implemented as of 1 March 2025, the amendments introduce new liberalisation measures across several sectors, including financial services, construction and related engineering services, testing and certification, telecommunication, motion pictures, television and tourism services.