Beijing is cracking down on business, tightening regulation on everything from technology companies to insurance providers.

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Beijing is cracking down on business, tightening regulation on everything from technology companies to insurance providers. With the Standing Committee of the National People’s Congress passing data protection and privacy laws as recently as Friday.

The regulatory drive by China is having a significant impact on public firms and those planning IPOs. The Chinese internet regulator ordered online stores not to offer the ride haling firm Did’s app shorty after a NY Stock Exchange Listing, causing their shares to fall sharply. BYDs plans to sell shares in its computer chip have been suspended due to a regulatory investigation.

Who says regulation doesn’t impact share prices?

Ted Dziekanowski‚ Jason Spezzano‚ Brian McCarthy

#theaugustagroup‚ #theaugustaplan‚ #cybersecurity‚ #SupplyChainRiskManagement‚ #CyberRiskManagement‚ #compliance‚ #cyberinsurance‚ #insurance‚ #regulatorycompliance‚ #regulatoryoversight‚ #esgrisk‚ #cyberregulation‚ #esgreporting‚ #soc2‚ #defenceindustry‚ #esg‚ #defence

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Cyber Insurance, Cybersecurity, Regulation & Compliance

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