China's diet plan for data hunger

The increasing number of IPOs of Chinese companies abroad is apparently a thorn in Beijing’s side. Officials claim that there is great concern that foreign powers – for example in the US – could access their collected data. It is not yet clear whether the tightened rules are about a power struggle between the state and the private sector, or whether the state is actually committed to protecting its citizens’ personal data. It’s quite possible that both is true.

By
Frank Sieren

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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China’s diet plan for data hunger

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