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- Technology platform companies that possess the personal data of at least 1 million users must apply for a review by the Cybersecurity Review Office, a group backed by 12 powerful Chinese ministries, if they plan an IPO in a foreign market, according to a draft of the updated version of Beijing’s Measures for Cybersecurity Review published on Saturday, which is open for feedback until July 25.
www.scmp.com/tech/big-tech/article/3140611/beijing-tightens-grip-china-tech-proposal-cybersecurity-reviews-allBeijing wants cybersecurity reviews on foreign IPOs by tech firms
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Jan 6, 2022 · 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.
Jul 10, 2021 · Technology platform companies that possess the personal data of at least 1 million users must apply for a review by the Cybersecurity Review Office, a group backed by 12 powerful Chinese...
- Iris Deng
Jan 6, 2022 · 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.
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.
This provision requires the subject of a cybersecurity review to “take risk precaution and mitigation measures” as required by the review. This new addition enables the Cybersecurity Review Office to take injunctive actions before it concludes a specific review.
Jul 10, 2021 · China proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cybersecurity review, a move that would significantly tighten oversight over...
Jul 12, 2021 · Proposed revisions to China’s cybersecurity review process would require companies that control data of more than 1 million users to seek regulatory permission before filing for IPOs overseas.
