Asia financial body says China cyber security law could make risk management harder

By Michelle Price HONG KONG (Reuters) – The chief of one of Asia's most prominent financial trade bodies on Tuesday said new cyber security rules in China could make it harder for foreign companies operating in the country to manage risk as cyber threats become increasingly cross-border. Speaking at the Thomson Reuters Pan-Asian Regulatory Summit in Hong Kong, Mark Austen, chief executive of the Asia Securities Industry and Financial Markets Association (ASIFMA), said the rules marked a "worrying" development because regulators globally have to work together to address cyber risks rather than attempt to isolate their jurisdictions.

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