China's Cyberspace Regulator: Supportive of Domestic Firms Seeking Foreign Capital

Reuters2022-08-19

BEIJING, Aug 19 (Reuters) - China's cyberspace regulator said on Friday that it was supportive of domestic companies seeking foreign capital and that the focus of its review was whether there was the risk of data they held being abused by foreign governments.

The Cyberspace Administration of China, speaking at a press conference to discuss the country's internet development, also said it was guiding and supervising the rectification work of Didi Global, the Chinese ride-hailing giant which was fined $1.2 billion last month for violating data security laws.

It also said it was supportive of the healthy development of internet companies, and that it would build a close and clean relationship between enterprises and the government.

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Comments

  • MamaLee
    2022-08-22
    MamaLee
    Ok
  • tig2021
    2022-08-21
    tig2021
    Ok
  • Targarean
    2022-08-20
    Targarean
    Seems like too little too late. Who would trust whatPRC says anymore 
  • 遵道秉義
    2022-08-19
    遵道秉義
    Thanks 
  • kevinlaisq
    2022-08-19
    kevinlaisq
    Pls like 
  • 1M55
    2022-08-19
    1M55
    The stigma created by China had embedded in many. Whether is positive news, it be treated as junk. More selling pressure. See you at the bottom. Hot Chinese ADRs slip. 
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