Citing cross-border data transfer and privacy concerns, China promises security blitz on securities

Infosec concerns have led China’s government to apply closer scrutiny to Chinese companies that list and send data offshore, according to a document written by China’s State Council cabinet and the Communist Party’s General Secretary. “For a long time, the low cost of illegal securities has plagued the development of the …

[elsergiovolador]

More rules

More rules to catch disobedient apparatchiks. The more complex and ambiguous laws, the easier the job of prosecution if any of them falls foul of the Winnie the Pooh.

[Anonymous Coward]

Re: More rules

True enough.

Though Winnie the Pooh might have borrowed a bit from America's complex and ambiguous laws which have allowed the US to ban American stock exchange listings of some Chinese companies and American investment in some Chinese companies.