Chinese tech giants to face cybersecurity reviews for IPOs in Hong Kong, but rules more lenient than foreign listings

Source: Tech – South China Morning PostChina will impose a cybersecurity review on mainland companies seeking initial public offerings in Hong Kong on national security grounds, according to a draft regulation released on Sunday, adding a new layer of oversight for Chinese tech giants from ByteDance to Didi Chuxing if they choose to sell shares in the city.The Cyberspace Administration of China (CAC), the country’s top cybersecurity authority, released the draft regulation titled “Network Data Security Management Regulations” for…Read More

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