China’s government intends to impose stricter controls on Chinese companies planning to go public abroad in the future These new rules specifically target “data security, cross-border data flow and management of confidential information,” according to a document released by the State Council in Beijing on Wednesday. The new rules will regulate confidentiality and responsibility for the security of information for companies traded overseas. Supervision of such listed companies will be tightened in order “to deal with risks and emergencies,” the announcement claims.
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