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China to ban some tech firms from listing overseas
August 28, 2021
China plans to ban foreign IPOs for tech firms with data security risks: report.
How it will work: All internet firms planning to list their shares outside China would be asked to voluntarily apply for reviews with the powerful Cybersecurity Administration of China.
Beijing said last month that it planned to strengthen supervision of all firms listed abroad, after conducting a cybersecurity investigation into ride-hailing giant Didi Global just days after its US listing.