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China Seeks To Tighten Cyber Scrutiny For Companies In Hong Kong IPOs Todayuknews

November 15, 2021
Source: todayuknews.com todayuknews.com
News Snapshot:
tttttThe Cyberspace Administration of China released draft rules on Sunday that would require firms to undergo a cyber security review before going public in Hong Kong if it implicates national security, threatening a recent shift as internet companies seek to list in the territory. The powerful data watchdog launched a probe into Didi Chuxing for suspected data violations two days after its blockbuster $4.4bn IPO on the New York Stock Exchange in June, forcing the once-dominant ride-hailing company to stop registering new users during the investigation. After the move, the CAC said in July it would tighten rules for companies...
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