China to implement cybersecurity reviews

China will put in force new rules next month to increase its oversight of domestic firms planning to list on overseas stock markets.

The move represents aa further tightening of the Chinese state’s grip on its diverse technology sector.

The Cyberspace Administration of China (CAC) said the new rules come into effect on 15 February and require platform companies with data on more than 1 million users to undergo a security review before listing their shares overseas.

“With stock market listings there is a risk that key information infrastructure, core data, important data or a large amount of personal information could be impacted, controlled or maliciously used by foreign governments,” said the CAC in a statement, reiterating a concern first flagged in July.

In a separate statement, the CAC said it would also implement new rules on 1 March regarding the use of algorithm recommendation technology to increase oversight of news providers that use the technology to disseminate information.

The rules will also give users the right to switch off the service if they choose.

Both sets of rules were proposed last year and are expected to potentially impact a large swathe of companies.

The CAC did not specify whether the rules will apply to companies seeking listings in Hong Kong.

The CAC changes come after a slew of recent moves by Chinese authorities to boost oversight of Chinese companies’ offshore listings.

China’s state planner said last week it would demand regulatory clearance for overseas Chinese listings in sensitive sectors such as internet news and publishing.

Separately, the China Securities Regulatory Commission (CSRC) said on 24 December that it would require companies wishing to list overseas to submit filings to the agency first for registration, under a system that also involves close coordination among various regulatory bodies.

Follow us on twitter: @risksEmerging

The new Nissan Z is one of the most important models in the car maker's recent history — not for any concrete business reason but because even a car company needs a soul.
https://cnn.it/3lvRCZp

WATCH: A robotic arm developed by the University of Cambridge comes equipped with sensors to 'taste' as it cooks

Niederträchtig: Agrarkonzernlobby will den ohnehin spärlichen Naturschutz aushebeln mit Verweis auf drohende Hungersnot.

Dabei wandert der größte Teil unseres Getreides in Tank und Trog. Sogar öffentlich subventioniert.

Das muss endlich aufhören!

Memo endeavours to find the best balance between data security and availability and hence provides #Web3 with a secure and highly available storage layer.
#DataSecurity #BlockchainScalabilty

A guide to implementing DevSecOps by @willkelly

This downloadable guide walks you through a phased approach to implementing DevSecOps wherever you are on your transformation journey.
https://red.ht/384Djbd #DevSecOps

What is the connection between #gender, #dataprotection & the #smartcity? A new research article by @Aless_Calvi explores the potentials of the Data Protection Impact Assessment for equality goals #dpia #openaccess SI: urban & regional infrastructures https://journals.polito.it/index.php/EJSD/article/view/290

Hughe’s House Episode 1 “How To Stay Safe on the Internet” pt 2

Full video coming to youtube early this week!

#internet #safety #internetsafety #fyp #passwordprotection

🔐#Ciberseguridad | Aniversario de #WannaCry: los ataques de #ransomware han sufrido un aumento interanual del 14% a nivel mundial

@CheckPointSW
http://ow.ly/qBIu50J8MkA

Load More...
SHARE: