China Plans Cybersecurity Exemption for Hong Kong IPOs

Chinese companies seeking to go public in Hong Kong will reportedly not be subject to a «formal» cybersecurity review, in a move that will exempt the city from tighter rules on overseas listings. China plans to exempt companies listing in Hong Kong from first seeking the cybersecurity regulator's approval, according to a «Bloomberg» report citing unnamed sources. The latest guidance provides clarification for earlier concerns about whether or not the city would be subject to tighter rules applied to overseas listings, such as the need for a review if a company has a tech platform with 1 million users or…