China's cyberspace regulator said on Tuesday it will implement new rules from Feb. 15 that require platform companies with data for more than 1 million users to undergo a security review before listing their shares overseas.
The Cyberspace Administration of China (CAC) also said such firms should apply for cybersecurity reviews before submitting listing applications to foreign securities regulators, according to statements published on its WeChat account.
Companies will not be allowed to list abroad if the review finds that national security could be impacted, it said in a statement on its official WeChat account.
It was the latest move
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