Chinese regulator denies issuing guidelines on internet giants’ investments, fundraisings

Such rules would intensify the oversight from China’s increasingly assertive regulators, who have over the past year reined in formerly freewheeling internet giants in areas from dealmaking to their handling of user data.

China's cyberspace regulator denied on Wednesday issuing a document with new guidelines for the nation's big internet companies that would require them to seek approval for new investments and fundraising.

The denial came after a document appeared on Chinese social media detailing such guidelines.

"The Cyberspace Administration of China (CAC) has not issued this document and the information is false," it said on its official WeChat account without elaborating.