China eyes pushing US IPO-bound firms to hand over data control: Sources Technology By Eli Pacheco On Aug 21, 2021 HONG KONG: Chinese regulators are considering pressing data-rich companies to hand over management and supervision of their data to third-party firms if they want U.S. stock listings, sources said, as part of Beijing’s unprecedented scrutiny on private sector firms. The regulators believe bringing in third-party information security firms, ideally state-backed, to manage and monitor IPO hopefuls’ data could effectively limit their ability to transfer Chinese onshore data overseas, one of the people said. That would help ease Beijing’s growing concerns...