On November 7, 2016, the Standing Committee of the National People’s Congress passed the Cybersecurity Law. Along with it, on December 27, the Cyberspace Administration of China (CAC) released its National Cybersecurity Strategy. On February 4th, the National Cyber Security Review Regulation Draft, one of several supporting implementation measures of the Cybersecurity law, was issued for public comment. And moreover, on March 1, the Ministry of Foreign Affairs and the State Internet Information Office jointly released the International Strategy of Cooperation on Cyberspace. Between now and the June 1 implementation date of the Cybersecurity Law, more high level strategic guidelines and specific implementation measures will be rolled out that can have a significant impact on your business.
Cybersecurity is not just a technology issue that affects a narrow range of ICT companies, rather it is a critical business concern that affects all businesses which rely on ICT technology and especially those with data in China. The Cybersecurity Law demonstrates the Chinese government’s awareness of the complex challenges that the rapidly changing ICT sector faces, as well as the government’s desire to regulate cyberspace according to the rule of law.
The law establishes a comprehensive regulatory regime for cyber security, formalizes legal responsibilities for “network operators” and “network service providers,” and develops regulatory supervision in a systematic way. The law will regulate all network services and activities within China, including construction, operation, maintenance, and usage of networks. Accordingly, many American companies have concerns regarding data localization requirements and the restriction of cross-border data flows, security reviews and specifications for ICT products and services, and overly broad requirements to share data and provide technical support and assistance to law enforcement agencies when requested.
Please join us for an event featuring keynote speakers and a panel discussion from experts with a diverse set of perspectives on the Cybersecurity Law and its impact. These industry leaders will provide implementation detail, American and Chinese business perspectives, academic perspectives as well as legal and compliance perspectives.