Since the implementation on May 1, 2023 of the Measures for Registration and Filing of Private Investment Funds, the Asset Management Association of China aims to provide market participants with clearer and more practical guidance through refining rules and elaborating regulatory principles. On August 23, 2024, AMAC released the Updates on the Practice of Private Fund Registration and Filing (Issuance No. 1 [2024]) and the Flowchart and Explanations on the Information Change Process of Private Fund Managers (Zhong Ji Xie Zi [2024] No.307). 

With the rapid advancement of AI technology, generative synthesis tools have become more realistic, increasingly accessible and user-friendly. As a result, the ability to create and disseminate deepfake content at low cost has blurred the lines between reality and the virtual world, posing challenges to the traditional distribution of information on the internet. CCTV reported that criminals in various regions of China had used “face swapping” technology to forge indecent photos and manipulate victims’ selfies from social media for blackmailing purposes.