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Exclusive: China urges US IPO-linked companies to give up data control – sources

August 21, 2021
Source: trading-u.com trading-u.com
News Snapshot:
Exclusive: China urges US IPO-linked companies to give up data control – sources Markets By Sydney Barrett On Aug 20, 2021 Share HONG KONG, Aug. 20 (Reuters) – Chinese regulators are considering urging data-rich companies to turn over the management and monitoring of their data to third-party firms if they want U.S. stock listings, sources said in Beijing’s unprecedented scrutiny of private sector companies. Regulators believe that engaging outside information security firms, ideally government sponsored, to manage and monitor the data of the IPO hopefuls could effectively limit their ability to transfer Chinese onshore data overseas, one of the people...
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