MCI (P) 003/02/2023 issn 0219 – 6875 KDN PPS 1867/10/2015(025605) INDONESIA’S FIRMS TO WATCH LEADERS DRIVING INNOVATION SE ASIA’S RACE TO NET ZERO OVERVIEW
New draft measures on personal information protection compliance audits have been released for public comment. Jianwei (Jerry) Fang and Chuchen (Julie)
Beijing has asked law firms to tone down the language used to describe China-related business risks in Chinese companies' offshore listing documents, warning failure to do so could cost them regulatory green light for the IPOs, three people familiar with the matter said. The move, which not been reported before, is the latest in tightening scrutiny of Chinese companies' offshore listings, and comes at a time when Beijing is stepping up controls over cross-border transfer of sensitive information. The China Securities Regulatory Commission (CSRC) on July 20 met with local lawyers and asked them to refrain from including negative descriptions of China's policies or its business and legal environment in companies' listing prospectuses, the people said.
Beijing has asked law firms to tone
down the language used to describe China-related business risks
in Chinese companies offshore listing documents, warning
failure to do so could cost them.