GOIP China Panel Discussion on How China Cybersecurity law, Affect Future Businesses
CN Care / GOIP AULA Ltd. was delighted to co-host and to sponsor the event with the American Chamber (AmCham) of Commerce South China (Guangzhou). The AmCham welcomed Mr. Christopher Smith, Chief of the Economic/Political Section at the United States Consulate in Guangzhou, Dr. Michael Tan, Partner of Taylor Wessing in Shanghai and Mr. Alain Joyal, Senior VP Corporate Communication at GOIP AULA LTD (mother company of CN Care) in Shenzhen/Hong Kong. They shared with the participants their knowledge of cybersecurity law and VPN China regulations and its impact from a legal, economic and practical perspective. Dr. Harley Seyedin (President of AmCham South China) and Mr. Christopher Smith kicked off the event with a welcome speech.
Mr. Christopher Smith, Chief of the Economic/Political Section at the United States Consulate in Guangzhou giving his speech
Dr. Michael Tan, Partner of Taylor Wessing in Shanghai, giving his lecture on Cybersecurity Law in China
With the growing volume of cyber attacks worldwide, the Standing Committee of China’s National People’s Congress (NPC) passed China’s first Cybersecurity Law, which took effect and was reinforced on June 1st, 2017. Although the law was first introduced in November 2016, it was not enforced until June 1st. The new law and the VPN regulations have some economics impacts on foreign and Chinese businesses in many ways, more specifically with cross-border data, data storage and data protection and yet with data privacy.
Approximately 30 people from different industries attended the event at the AmCham South China venue, adjacent to their office. Mr. Christopher Smith moderated the panel discussion after the presentation with both speakers. He addressed some economic, political and security questions about what should foreign companies do to avoid inadvertently running afoul of its vague new requirements; what companies or business associations are playing a leading role in this process; how are they chosen; are they all Chinese, or both Chinese and foreign; and can foreign companies express interest to the CAC in participating; how well is this reality factoring into China’s emerging data export guidelines; how sensitive is China to setting a precedent that its own global companies may face one day in the future; is the Cybersecurity Law more about security; or economics and what new Cybersecurity Law developments, or announcements by the CAC, should we watch for in the coming months.
In summary, the event with AmCham, sponsored by CN Care, brought great benefits from each other’s experiences and insights from this new and somehow misunderstood Cybersecurity law and VPN regulations in China. Therefore the event gave an opportunity to share some of the best practices.