Tag: china

Tech

China plans to ban companies with a lot of data to list in the USA

Breaking news reported by WSJ and First Squawk: China plans to ban companies with a lot of data to list in the US CHINA PLANS TO PRO­POSE NEW RULES THAT WOULD BAN COM­PA­NIES WITH LARGE AMOUNTS OF SEN­SI­TIVE CON­SUMER DATA FROM GO­ING PUB­LIC IN THE U.S.— First Squawk (@FirstSquawk) August 27, 2021 If you are interested in investing in Chinese Stocks such as Alibaba make sure you watch this Video. Alibaba should not be affected by these new potential changes. This should only affect new upcoming IPOs of Chinese Tech firms. We will keep you posted about further developments
China plans to exempt Hong Kong IPOS from Cybersecurity reviews
Business

China plans to exempt Hong Kong IPOS from Cybersecurity reviews

Bloomberg just reported that China plans to exempt Hong Kong IPOS from Cybersecurity reviews. It seem to be that China is interested in getting more domestic IPOs. This comes right after the crackdown on DIDI and other US Listed Tech companies. I personally do not expect many IPOs for Chinese companies on US exchanges in the future. We will keep you updated about further developments this was just reported on Jul 16 noon Beijing time.