© Reuters. China is considering adopting new rules that would ban internet groups whose data collection is likely to pose security concerns from being listed on stock exchanges abroad, including the United States. / Photo p
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(Reuters) – China is considering adopting new rules that would ban internet groups whose data collection is likely to pose security concerns from being listed on stock exchanges abroad, including in the United States. United, said a source familiar with the matter.
The proposed ban is also expected to affect companies involved in “ideological issues,” the source added.
Chinese authorities said last month that they were considering stepping up supervision of all overseas listed companies following an investigation into ride-hailing giant Didi Global just days after its IPO. New York.
As part of the new project, the China Securities Regulatory Commission (CSRC) plans to ban companies that collect large amounts of data from users or create content, from launching IPO projects to the foreigner, the source said.
When asked, the CSRC did not immediately respond to a request for comment from Reuters.
This project is one of the many proposals examined by the Chinese regulatory authorities, which in recent months have tightened controls on technology groups.
The Wall Street Journal was the first to report this information.
(Report Tony Munroe in Beijing, Zhang Yan in Shanghai, Bhargav Acharya in Bangalore; French version Claude Chendjou, edited by Blandine Hénault)
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