The Personal Information Protection Law (PIPL) requires companies to get users’ consent before collecting their data. Firms generally cannot deny services to those who don’t share their personal information. And there are strict rules for transferring citizens’ data outside China. The law comes into effect Nov. 1. (Xinhua)

Talking point: The PIPL is among the strictest data privacy laws in the world. It’s the latest in a string of measures by Beijing to exert more control over the domestic tech sector, following years of loose regulations. Over the past year, the government has pushed back against data-security concerns and anti-competitive practices, triggering a selloff of Chinese stocks. Many of the country’s biggest tech stocks plunged further on the news Friday. PIPL looks a lot like Europe’s online privacy regulations under the General Data Protection Regulation. Still, Beijing is expected to maintain broad access to data under the new law.