China's Ministry of Industry and Information Technology (MIIT) issued new guidelines on internet security that come into effect on the 1st of June 2009. It has been decided that public network security issues will be handled by the China National Computer Network Emergency Response Team (CNCERT).
All companies & organizations have to report security problems according to a 4-level emergency plan. Apart from describing the problem, the report has to include a proposal on how to solve it so the CNCERT can act accordingly.
For the full announcement, please refer to IT168.com (Chinese only)