Chinese companies handling data from more than 1 million users are required to go through a cybersecurity review if they want to list overseas, and that includes Hong Kong, according to an assessment endorsed by China’s cyberspace watchdog.
The conclusion, included in the “expert views” that the Cyberspace Administration of China (CAC) published on its website, shows how the regulator is empowering itself to be a key gatekeeper of overseas listings even though the new law, which came into effect this week, does not specifically mention Hong Kong.