China's critical data rules not aimed at firms planning foreign IPOs - regulator

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SHANGHAI (Reuters) - China's coming rules for protecting critical information infrastructure are not aimed at firms planning overseas listings, and all companies must be involved in ensuring network security, a senior cyberspace regulatory official said.
Sheng Ronghua, vice minister of the Cyberspace Administration of China (CAC), made the comments at a State Council briefing on Tuesday, when asked how the rules would affect such firms as well as those involved in foreign trade.
The rules are to take effect on Sept. 1, the day when the country's new data security law will also be implemented.
"The rules are published to protect the safety of critical information infrastructure and all companies, no matter what kind they are or where they are listed, must comply with the country's laws and regulations," he said.
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