China’s cybersecurity review rules go into effect on Feb.15, requiring some companies to get regulatory approval before listing overseas.

Bill Hinton Photography | Moment open | Getty Images

Starting next month, China will require some companies with large amounts of user data to seek approval from regulators to list overseas.

The network security review process, first proposed last year, will be implemented on February 15 by China’s increasingly powerful Cyberspace Administration (CAC) as the country tightens regulation of its domestic technology sector.

Internet platforms with personal data of more than 1 million users must apply to the supervisory authorities to review the network security before going public (IPO) abroad.

The rules are aimed at companies that carry out data processing activities that could compromise national security, the CAC said.

If the supervisory authority determines that a company’s data processing activities are not …


Source link

Leave a Reply