Cybersecurity Review Revised to Address Data Security of Overseas Listings

July 16, 2021 | BY

Vincent Chow

PRC companies wanting to list outside China face extended cybersecurity reviews and potentially burdensome documentation submission requirements

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Summary

  • Revised draft cybersecurity review measures explicitly targets listings outside China
  • Significant extension of review timeline and increased documentation submission
  • Specific wording suggests Hong Kong listings not subject to new requirements 

China has swiftly followed up on its cybersecurity probes into three Chinese tech companies that recently went public in the United States with revisions to its year-old cybersecurity review regime to explicitly cover listings outside China. The move is the latest example of increasing cybersecurity focus in the area of PRC financial regulation.