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Hunter And Hunted: China May Prohibit Overseas IPOs For Tech Companies That Pose Data Security Risks

August 30, 2021
Source: indiandefensenews.in indiandefensenews.in
News Snapshot:
Hunter And Hunted: China May Prohibit Overseas IPOs For Tech Companies That Pose Data Security Risks All internet companies would be asked to voluntarily apply for reviews with the Cybersecurity Administration of China (CAC)—the central Internet regulator which for China—if the firms want to list their shares outside the Asian country. China is working on new regulations to prohibit internet companies with huge volumes of sensitive consumer data from going public outside of the country, including in the United States—a move that is likely to jeopardise the Chinese tech firms' plans to list abroad. The new laws are likely to...
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