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Hong Kong-Bound IPOs to be Exempt from China Cyber Clearance, Bloomberg Reports

(AF) Chinese companies seeking IPOs in Hong Kong won’t need to get the cybersecurity approval needed for listing in the US and elsewhere overseas, according to a report on Bloomberg News.

The report cited sources saying that despite the Cyberspace Administration of China exemption, companies going public in the southern city will still need clearance from the China Securities Regulatory Commission. The decisions were detailed to bankers over the weekend after the announcement of a regulatory review prompted questions on treatment of Hong Kong-bound IPOs, the report added.

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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