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

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

The Cyberspace Administration of China (CAC) on Nov. 14 proposed that companies seeking Hong Kong listings should apply for cybersecurity reviews if they handle data that concerns national security. The internet regulator released a draft regulation for comment and said that companies seeking to set up overseas headquarters or research centers should also submit a report to regulators…
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