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China Seeks To Boost Corporate Cyber ??Surveillance During Hong Kong IPOs

News Snapshot:

China’s Cyberspace Administration on Sunday released draft rules that would require companies to submit to a cybersecurity review before going public in Hong Kong if it involves national security, threatening a recent change as internet companies seek to register on the territory. The powerful data watchdog launched an investigation into Didi Chuxing for alleged data breaches two days after its $ 4.4 billion New York Stock Exchange IPO in June, forcing the once-dominant rideshare company stop registering new users during the survey. After the move, the CAC noted in July, it would toughen the rules for companies looking to sell…

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