China is ordering cybersecurity reviews for some companies listed overseas


A sign above an office of the Cyberspace Administration of China (CAC) can be seen in Beijing, China, July 8, 2021. REUTERS / Thomas Peter

Register now for FREE unlimited access to

SHANGHAI, Jan. 4 (Reuters) – China’s cyberspace regulator said Tuesday it would implement new rules starting February 15 that require platform companies with data from more than 1 million users to undergo a security clearance before selling their stocks note abroad.

The Cyberspace Administration of China (CAC) also said such firms should seek cybersecurity reviews before filing licensing applications with overseas securities regulators, according to statements posted on their WeChat account.

Companies are not allowed to be listed abroad if the review reveals that national security could be compromised, according to a statement on their official WeChat account.

Register now for FREE unlimited access to

It was the latest in a series of regulatory changes recently mandated by the Chinese …



Source link

Leave a Reply