China defends clampdown on tech firms in a meeting with Wall St execs - Bloomberg News

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China's top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday.Investors' concerns over the regulatory crackdown has led to sharp sell-offs on China's share markets, reducing the market capitalisation of

China's top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday.

China Securities Regulatory Commission Vice Chairman Fang Xinghai explained during the meeting that recent actions were taken to strengthen regulations for companies with consumer-facing platforms, and improve data privacy and national security, the report https://bloom.bg/39iLhKH said, citing people familiar with the matter.

 

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聽說很多公司在做假賬!不想繳稅務!

What's good for China might not be good for Wall St, hoocoodanowd!

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