Cybersecurity Reviews Herald Greater Scrutiny on Overseas Listings

July 08, 2021 | BY

Vincent Chow

First high-profile cybersecurity reviews indicate that overseas-listed Chinese tech firms are prime targets for new cybersecurity regime

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Summary

  • Overseas-listed Chinese firms' cross-border data transfer and audit requirements under close scrutiny 
  • State Council announces new guidelines bolstering regulatory scrutiny on overseas listings
  • Big data companies can expect to be deemed as CII operators under new cybersecurity review regime

Beijing's cybersecurity probes into three Chinese tech companies that recently listed in the United States threaten to stem the flow of Chinese initial public offerings in the U.S. over data security concerns.