China regulator proposes cybersecurity review for some Hong Kong IPOs

  • 📰 Reuters
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

China's cyberspace regulator on Sunday proposed requiring companies pursuing share listings in Hong Kong to apply for cybersecurity inspections if they handle data that concerns national security.

Large internet platforms planning to set up headquarters, operating or research centres abroad should also submit a report to regulators, the Cyberspace Administration of China said in the draft rules.

Firms with more than 100 million daily active users would need to have changes reviewed by third-party agencies and obtain government approval.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There is no technology without peace and security.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EXCLUSIVE Chinese embassy lobbies U.S. business to oppose China bills -sourcesChina has been pushing U.S. executives, companies and business groups in recent weeks to fight against China-related bills in the U.S. Congress, four sources familiar with the initiative told Reuters, in letters to and meetings with a wide range of actors in the business community. Why is it so exclusive ? Israel has literally bought the whole US congress so what if other countries are trying to do the same especially when FEC is allowing buying politicians with foreign money. there is no difference that US company do something by office corruption in China. How quaint. The FEC recently approved unlimited foreign donations to initiative and referendum campaigns. Chinese oligarchs can make direct donations. Play the long game, control the initiative and referendum process through donations. Pay to play, that's the American way.
Source: Reuters - 🏆 2. / 97 Read more »