China’s new data security rules complicate Hong Kong IPOs

The upcoming Hong Kong listings of three Chinese tech firms are being viewed as a test case for new mainland regulations that require certain initial public offering applicants to pass a cybersecurity review before going public in the city, with the outcome providing some clarity for Chinese companies mulling a flotation on one of Asia’s largest stock exchanges.Microblogging platform Weibo, often dubbed China’s Twitter, is hoping to raise up to US$547.3 million in a secondary listing in Hong…

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