China’s new Cybersecurity Law is one of the most important pieces of privacy and cybersecurity legislation we’ll see this year, and companies of all sizes need to be aware of its requirements – regardless of whether or not they have a physical presence in China. The new law goes into effect on June 1, 2017, meaning that companies have a few weeks left to familiarize themselves with the law and work on achieving compliance. However, simply reviewing the law itself is not enough: in order to truly understand its requirements, it is important to step back and view the law in the context of the Chinese legal system more generally. This post provides a breakdown of this complex new law and its implications for businesses, and provides additional context needed to understand the Chinese privacy law landscape from a more holistic perspective.
Lijuan Hou is an associate in the Corporate Department.
Lijuan has a general corporate practice with an emphasis on private investment funds, private equity, venture capital, China related cross-border mergers & acquisitions and foreign direct investment. She counsels multinational companies of various industries and investment funds on their China related matters ranging from setting up PRC presence to structuring investments and acquisitions in China. Lijuan also advises international GPs and LPs on setting up PRC focused investment funds (including PRC onshore RMB funds) and their fund investments in China.