BEIJING, July 12 (TMTPOST)— Chinese government sought to strengthen overseas listings with new regulation on cyber security. Any operator which seized personal data of more than 1 million domestic users has to apply for regulatory review on cyber security before it launches overseas initial public offering (IPO), according to the draft Amendment of the Cyber Security Review for solicitation of comments the Cyberspace Administration (CAC) released recently.

The proposed regulation also ordered operators of key data infrastructures to file for regulatory review if they want to purchase online products or services that could pose risks on national security. These operators shall require suppliers of the products or services to cooperate with the review, including promising not taking advantage of the convenience as the supplier to illegally acquire users’ data or control users’ devices. Operators whose handling with data that could affect national security are also subject to the review.

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