China s Cyber Watchdog to Police Chinese Overseas Listings China s Cyber Watchdog to Police Chinese Overseas Listings
The agency that prodded ride-hailing giant Didi to delay its IPO will take a lead role in regulating Chinese companies overseas listings
published : 10 Jul 2021 at 04:00 While the cybersecurity regulator sounded alarms to Didi about its network security, the main economic and financial regulators were largely supportive of Didi s listing plan.
A powerful agency that China s President Xi Jinping set up during his first term to police the internet is taking on a new role: regulating U.S.-listed Chinese companies.
The Cyberspace Administration of China, which reports to a central leadership group chaired by Mr. Xi, is taking a lead role in Beijing s just-announced push to strengthen interagency oversight of companies listed overseas, especially those traded in the U.S., and to tighten rule
It s a ‘golden age’ for Chinese brands bolstered by tech crackdown Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
A customer shops at a Perfect Diary store in Beijing in August of last year. From cosmetics to bubble tea, Chinese ventures making waves among a new generation of shoppers are becoming a magnet for funds hunting for their next big hit. | REUTERS
Bloomberg Jul 10, 2021
China’s intensifying crackdown on technology companies is proving to be a cautionary tale for investors in the nation’s startups, with one notable exception: consumer brands.
China Tightens Rules on Foreign IPOs in New Blow to Tech Firms
Bloomberg 10 hrs ago Bloomberg News
(Bloomberg) China proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cybersecurity review, a move that would significantly tighten oversight over its internet giants.
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Companies holding data on more than 1 million users must now apply for cybersecurity approval when seeking listings in other nations because of the risk that such data and personal information could be “affected, controlled, and maliciously exploited by foreign governments,” the Cyberspace Administration of China said in a statement on Saturday. The cybersecurity review will also look into the potential national security risks from overseas IPOs, it said.
China tightens rules on foreign IPOs in new blow to tech firms Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
China said its companies that hold the data of more than 1 million users must now apply for cybersecurity approval when seeking overseas listings, as regulators tighten oversight of the country’s tech giants. | AFP-JIJI
BLOOMBERG Jul 10, 2021
China proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cybersecurity review, a move that would significantly tighten oversight over its internet giants.
China tightens rules on foreign IPOs in new blow to tech firms indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.