Sunday, July 25, 2021
HomeNewsChina's cyber watchdog cracking down on China's overseas listing - News

China’s cyber watchdog cracking down on China’s overseas listing – News


Powerful institution, which was established in order to crack down on Internet Xi Jinping Jintao is during the first term of office of China, it plays a new role in regulating the Chinese companies listed in the United States.

China’s Cyberspace Administration, which reports to the Central Leadership Group chaired by Mr. Xi, is playing a leading role in the just-announced promotion of Beijing. Strengthen inter-ministerial surveillance According to knowledgeable people, the number of companies listed abroad, especially those trading in the United States, is to strengthen the rules for future listings abroad.

Behind the growing influence of government agencies is the desire to correct the lack of coordination between regulators. This allows for mixed messages as before. Initial public offering of a blockbuster Last month, Ride Hailing Giant Didi Didi

Cybersecurity regulators have warned Diddy about network security, but people say major economic and financial regulators were very supportive of Diddy’s listing plans. Unless explicitly instructed to suspend the planned sale of shares Diddy pushed forward..

For future overseas stock sales, Cyber ​​Watchdog could thwart plans that could threaten China’s security.

China’s cyber watchdog cracking down on China’s overseas listing

Source link China’s cyber watchdog cracking down on China’s overseas listing

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