China: Prudence or Protectionism?
July 15, 2021
With many countries struggling with cyber breaches, China seems to be implementing procedures. Are these prudent steps or actions designed to enforce protectionist policies. “China Tightens Rules on Foreign IPOs in New Blow to Tech Firms” reports:
China proposed new rules that would require nearly all companies seeking to list in foreign countries to undergo a cybersecurity review, a move that would significantly tighten oversight over its internet giants.
The write up somewhat optimistically suggests that companies seeking to list on a non-US / non-Euro-centric stock exchange will elect to embrace Hong Kong.
Maybe not.
Is the decision to link listing with cyber security a wild and crazy idea, or is China taking a leadership position in cyber prophylaxis?
Worth monitoring this possible move.
Stephen E Arnold, July 15, 2021
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