China’s new proposal subjects Hong Kong IPOs to cybersecurity reviews

China’s new proposal subjects Hong Kong IPOs to cybersecurity reviews

The Cyberspace Administration of China (CAC) on Nov. 14 proposed that business looking for Hong Kong listings ought to get cybersecurity evaluations if they deal with information that worries nationwide security. The web regulator launched a draft policy for remark and stated that business looking for to establish abroad head office or proving ground ought to likewise send a report to regulators. In a proposed change on cybersecurity evaluation steps launched on July. 10, the firm asked business that manage information of more than 1 million users to look for consent from regulators prior to going public overseas, however that didn’t consist of Hong Kong listings. [Reuters]


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