News Snapshot:
China plans to exempt companies going public in Hong Kong from first seeking the approval of the country’s cybersecurity regulator, removing one hurdle for businesses that list in the Asian financial hub instead of the US, reported Bloomberg . The exemption was outlined by officials in recent meetings with bankers, after a government statement on Saturday announcing a new review process for foreign listings prompted questions over whether it would apply to Hong Kong, Bloomberg sources said, asking not to be identified as the discussions are private. The Cyberspace Administration of China will vet companies to ensure they comply with...
