Infosec’s concerns have led China’s government to scrutinize Chinese companies listing and sending data overseas, according to a document from the Chinese State Council Cabinet and Communist Party Secretary General.

“For a long time, the low cost of illegal securities plagued the development of the market,” says the Opinions on the strict fight against illegal securities activities in accordance with the law Document in government sponsored Xinhua News.

The document explains that new legislation will focus on the flow of data across borders and the management of sensitive data – particularly with regard to the issuance and listing of foreign securities.

In the next year, Beijing plans to put in place a judicial system, law enforcement capacity and coordination mechanism to enforce crackdown and regulate the capital market.

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