Some China concepts stocks sink in morning trading

Tiger Newspress2021-08-20

(Aug 20) Some China concepts stocks sink in morning trading.

China has passed legislation setting out tougher rules for how companies handle user data, a move pushing forward its campaign to curb big tech’s influence.

The legislature of the Asian nation approved the Personal Information Protection Law, the China Central Televisionsaidin a report on Friday morning.

Details of the new legislation were not immediately released but earlier drafts required firms to get user consent to collect, use and share information, and to provide a way for them to opt out. Companies found breaking the rules could face fines of up to 50 million yuan ($7.7 million) or 5% of their annual revenue.

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Comments

  • STTAN
    2021-08-23
    STTAN
    Like 
  • GKevin
    2021-08-21
    GKevin
    Good news for China actually, things will recover and even moon in long term
    • BlackTechAI: 
      China going in the right direction upgrading the quality of its industries and green environment initiatives supporting clean energy. Good for Chinese companies' international creditabilty.
  • Ermmmmmm
    2021-08-21
    Ermmmmmm
    Hope to see more updates from China 
  • xremy
    2021-08-21
    xremy
    It Will End.. 
  • JokerForever
    2021-08-20
    JokerForever
    Hopefully will end soon.. 
  • Leon_Sze
    2021-08-20
    Leon_Sze
    There is no mercy in the financial market. 
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