China to require certain firms to undergo cybersecurity reviews before pursuing overseas listings
The Hindu
Companies will not be allowed to list abroad if the review finds that national security could be impacted.
China's cyberspace regulator on Tuesday said it will implement new rules from Feb. 15 that require platform companies with data for more than 1 million users to undergo a security review before listing its shares overseas.
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The Cyberspace Administration of China (CAC) also said such firms should apply for cybersecurity reviews before submitting listing applications to foreign securities regulators, according to statements published on its WeChat account.
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