China tightens cybersecurity review on overseas IPOs


Source: technode.com technode.com

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Proposed revisions to China’s cybersecurity review process would require companies that control data of more than 1 million users to seek permission from regulators before filing for IPOs overseas. China’s cyberspace authority proposed a series of revisions to the cybersecurity review rules Saturday. Why it matters: The proposal came a week after regulators launched a cybersecurity review on ride-hailing giant Didi . The changes proposed align with a recent decision from senior Party and government bodies to increase scrutiny on companies seeking overseas listing. - The revision “would make it very difficult or even impossible for Chinese internet firms to...