China cyber security News

China Counters U.S. ‘Clean Network’ With Own Global Data Security Initiative

China has launched an initiative to address global data security issues, a countermove to the U.S. “clean network” program that is aimed at discouraging other countries from using Chinese technology. Foreign Minister Wang Yi announced the initiative in Beijing on …

Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG

Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries received after the “WannaCry ransomware” attack earlier this year, executives at American International Group Inc. said. The American insurer saw …

China Initiates Tough Cyber Law, Despite Resistance from Foreign Businesses

China ushered in a tough new cyber security law on Thursday, following years of fierce debate around the controversial legislation that many foreign business groups fear will hit their ability to operate in the country. The law, passed by China’s …

China’s Controversial Cyber Law ‘Not Targeting’ Foreign Firms

China’s top cyber authority said on Wednesday it is not targeting foreign firms with a controversial national cyber law set to come into effect on Thursday. More than 50 overseas companies and business groups have lobbied against the law, which …

China Eyeing Cyber Rule Delay After Outcry from Foreign Firms: Sources

China may delay full implementation of controversial new cyber security rules, giving companies more time to prepare, two people who attended a meeting on Friday between the country’s internet regulator, businesses and diplomats told Reuters. The Cyberspace Administration of China …

Fintech Firms Alibaba, Tencent Support China’s New Cyber Law Despite Foreign Opposition

China’s Alibaba Group Holding Ltd. and Tencent Holdings Ltd. rallied behind Beijing’s recently imposed cyber security law on Thursday, following criticism of it from overseas technology rivals. The country’s two tech giants also urged closer cooperation between the public and …

China’s Cyber Security Law Could Hamper Foreign Business: P/C Industry Reps

China’s new wide-ranging cyber security law is drawing some serious apprehension from the U.S. property/casualty insurance industry. Trade associations and experts alike caution that it will create business obstacles in the world’s second-largest economy. “Most insurers already find China a …

China Passes Controversial Cyber Security Law Despite Foreign Business Concerns

China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy. The Cyber Security Law was passed by the Standing Committee of the National …

China’s Controversial Cyber Security Law Progresses Despite Foreign Protests

A controversial Chinese cyber security law that has sparked protests from foreign governments and business groups neared approval on Monday as parliament held the third reading of the draft bill. The official Xinhua news agency said parliament had fully taken …

Global Business Groups Urge China’s Premier to Revise Draft Cyber Rules

In a letter addressed to Chinese Premier Li Keqiang, 46 global business groups spanning finance, information technology, insurance and manufacturing urged Beijing to revise its draft cyber rules which they said would hamper trade. The signatories include industry associations from …