Will Hong Kong IPO hopefuls be spared China's new cybersecurity review?

Will Hong Kong IPO hopefuls be spared China's new cybersecurity review?

FILE PHOTO: Computer code is seen on a screen above a Chinese flag in this July 12, 2017 illustration photo. REUTERS/Thomas White/Illustration

China will implement a more stringent cybersecurity review process next month for data-rich companies seeking “foreign listings” as regulators step up scrutiny over the troves of data that underpin the growing influence of domestic internet companies.

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