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Jan 6, 2022 · The revamped Measures for Cybersecurity Review (link in Chinese), unveiled Tuesday by the Cyberspace Administration of China (CAC) and backed by 12 other government agencies, will go into effect Feb. 15. The new regulations will supersede review measures implemented in June 2020 that established the requirement for a cybersecurity review.
Jul 11, 2021 · China proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cybersecurity review. It's a move that would significantly tighten oversight over ...
- 2 min
Jul 10, 2021 · Chinese tech firms with more than 1 million users will face a cybersecurity review before being allowed to list in the US under tighter rules imposed in the wake of Didi IPO.
- Iris Deng
Jan 6, 2022 · Cybersecurity / Caixin explains: What China’s new cybersecurity review rules mean for IPOs. China will implement a more stringent cybersecurity review process next month for data-rich companies seeking “foreign listings” (国外上市) as regulators step up scrutiny over the troves of data that underpin the growing influence of domestic internet companies.
- Designated Authority For Overseeing Cybersecurity Review
- Products and Services Subject to Cybersecurity Review
- Key Steps For Cybersecurity Review
- Key Definitions
The draft Cybersecurity Review Measures make it clear that CAC will be the leading authority for regulating cybersecurity review for operators of critical information infrastructure (CII Operators). CAC will work with multiple Chinese national key regulators (such as the National Development and Reform Commission, the Ministry of Information and In...
The China Cybersecurity Law has established? a general requirement that CII Operators must undergo a national security review where the procurement of network products and services may affect national security. Consistently with the requirements of the China Cybersecurity Law, the draft Cybersecurity Review Measuresprovide that CII Operators must c...
In terms of the procedures, the draft Cybersecurity Review Measuresprovides that CII Operators should conduct a pre-assessment and produce a cybersecurity risk report. Where CII Operators decide to make a report to the Cybersecurity Review Office, the following procedures should be followed: (a) the Cybersecurity Review Office will have 30 working ...
The draft Cybersecurity Review Measuresprovide for legal definitions for certain important concepts. They refer to CII Operators as those operators which have been identified by Chinese authorities. This seems to be a different approach from the Cybersecurity Law, which defines CII by way of a list of non-exhaustive industries (such as financial, t...
Jul 10, 2021 · So far this year, 37 Chinese companies have listed in the U.S., surpassing last year’s count, and raised a combined $12.9 billion, according to data compiled by Bloomberg. “These rules will ...
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Jul 23, 2021 · The proposed new requirement for Chinese companies to submit for IPO Cybersecurity Review would create uncertainty and risk of delay for their “foreign country” IPOs. Under the proposed amendments, the IPO Cybersecurity Review can take up to 70 business days for a general review and up to six months in aggregate if a special review is required.
