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After Didi probe, China to step up scrutiny of more firms listed overseas

After Didi probe, China to step up scrutiny of more firms listed overseas July 7, 2021 China will step up supervision of Chinese firms listed offshore, its cabinet said on Tuesday, days after Beijing launched a cybersecurity investigation into ride-hailing giant Didi Global Inc on the heels of its U.S. stock market listing. Under the new measures, China will improve regulation of cross-border data flows and security, crack down on illegal activity in the securities market and punish fraudulent securities issuance, market manipulation and insider trading, China’s cabinet said in a statement. China will also check sources of funding for securities investment and control leverage ratios, it said.

China steps up supervision of overseas-listed firms after Didi IPO drama

China steps up supervision of overseas-listed firms after Didi IPO drama
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