In the News: CSRC Increases Scrutiny of Chinese IPOs in the US; China Issues New Rules on Personal Information Audits; and First Major US AI Copyright Ruling

China clamps down on small-cap U.S. listings by Chinese issuers; China mandates personal information protection compliance audits for companies; and AI company loses against Reuters in U.S. summary judgment with key implication

Too Many Small-Cap Chinese Offerings in US

Since last year, the China Securities Regulatory Commission (CSRC) has been preventing Chinese companies with small capitalization and weak fundamentals from listing in the U.S. after many became vehicles for price-rigging, causing heavy losses for investors, the Financial Times (FT) reports, adding that control is expected to be tighter this year.