China Finalizes Rules on Cybersecurity Review, With Implications for Overseas Listings

Yesterday, China updated its Measures on Cybersecurity Review. The update will replace the current rules and serve as the legal basis for ongoing and future cybersecurity reviews. The new rules make it clear that companies with large amounts of personal data must file a cybersecurity review when going public overseas, while listing in Hong Kong may lead companies to file for a review as a precautionary measure.