08-25-2021, 12:06 PM
China’s cyberspace regulator lays out two main conditions for companies wanting to go public
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- Chinese companies wanting to go public — including overseas — must comply with two aspects of regulation, the vice minister for the country’s cybersecurity regulator said Tuesday.
- One is the national laws and regulations, Cyberspace Administration of China vice minister Sheng Ronghua said. The other is ensuring the security of the national network, “critical information infrastructure” and personal data.
BEIJING — Chinese companies wanting to go public — including overseas — must comply with two main aspects of a wider set of regulations, the vice minister for the country’s cybersecurity regulator said Tuesday.
One is the national laws and regulations, Cyberspace Administration of China vice minister Sheng Ronghua said. The other is ensuring the security of the national network, “critical information infrastructure” and personal data.
The comments on the importance of these two rules in particular come as policy uncertainty this summer has essentially halted Chinese listings in the U.S., after a surge in overseas offerings earlier this year.
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