Council Foundation Logo Leaders Edge

The Chinese Insurance Regulatory Commission (CIRC) introduced proposed rules last month that would require foreign insurers to prioritize the purchase of Chinese security technologies when implementing security software and hardware solutions for their systems.

More than 20 foreign business lobbying groups sent a letter to CIRC urging them to “avoid the risks associated with exclusive reliance on localized solutions, prescriptive technologies and restrictions on data flows.”  Forced localization of any kind – whether it be data security technology or otherwise – has been a source of contention between the US and Chinese governments.

CIRC has extended its comment period on the draft rules by two weeks, to November 15.

Leave a Reply

You must be logged in to post a comment.