Here’s what they say
The Cyber Security Law Is Coming!– Five things enterprises should know
By King & Wood Mallesons on November 10, 2016
Posted in Corporate, Mergers & Acquisitions
By Jiang Ke and Yang Nan King & Wood Mallesons’ Commercial & Regulatory group
On 7 November 2016, the Cyber Security Law of the People’s Republic of China (“Cyber Security Law”) was approved by the Standing Committee of the National People’s Congress, after a year and a half and three drafts. The Cyber Security Law will come into force on 1 June 2017. Throughout the legislative process, the Cyber Security Law drew wide attention from all sectors of society. Internet-related businesses were especially interested because of the significant impact it would have on network security. This article will discuss the main provisions of the Cyber Security Law, from the perspective of internet-related businesses, in particular enterprises with foreign investors, concluding with five things that enterprises should know.
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