China to ban some tech firms from listing overseas

  • 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.
[Via]
Total
0
Shares

Sign Up for NextBigWhat Newsletter

Daily.