According to someone familiar with the matter, China is setting rules to prohibit Internet companies whose data poses potential security risks from listing outside the country, including in the United States. The ban is also expected to be imposed on companies involved in ideological issues, the person said, declining to be identified as the matter is private. Beijing said last month it was planning to strengthen oversight https://www.reuters.com/world/china/china-targets-offshore-ipo-structure-require-ministry-approval-sources-2021-07-08 of all listed Firms Offshore, a sweeping regulatory shift that came just days after a cybersecurity investigation by ride-hailing giant Didi Global Inc. Under the rules currently being drafted, the China Securities Regulatory Commission (CSRC) plans to ban companies that collect huge amounts of user data or create content from foreign listings, the person said. CSRC did not immediately respond to Reuters’ request for comment. The…