China imposes new rules on big tech looking for overseas listings


SHANGHAI (Reuters) – China said Tuesday it would put new rules in place to strengthen its oversight over plans by Chinese platform companies to list in overseas stock markets in order to get a better grip on its sprawling tech sector.

The Cyberspace Administration of China (CAC) said the new rules will go into effect on Feb.15, requiring platform companies with data from more than 1 million users to undergo a security clearance before listing their stocks overseas.

“Public listings risk the infrastructure of key information, core data, critical data or a large amount of personal data being influenced, controlled or maliciously used by foreign governments,” the CAC said in a statement, reiterating a reported concern in July when the changes were proposed for the first time.

In a separate statement, the CAC said that on Jan.



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