Stricter Chinese scrutiny of offshore vehicles a blow for tech and biotech IPO candidates

    Stricter Chinese scrutiny of offshore vehicles a blow for tech and biotech IPO candidates

    US dollar-denominated funds could face more hurdles when investing in Chinese tech and biotech companies as Beijing adopts a stricter approach to companies seeking listings via offshore incorporated vehicles. Indicative of Chinese regulators’ caution in overseeing sensitive industries, industry sources say the move ensures that any sale of assets does not escape regulatory scrutiny. And…

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      Hong Kong grants police power to demand phone and computer passwords | News

      The new provisions allow police to seize items with ‘seditious intention’, bypassing judicial authorisations. Published On 24 Mar 202624 Mar 2026 Hong Kong police are now empowered to require anyone suspected of violating the semi-autonomous city’s national security law to hand over passwords to their mobile phones or computers. Officials will brief lawmakers on the…

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      FILE PHOTO: FILE PHOTO: Central Military Commission Vice Chairman Zhang Youxia attends the second plenary session of the National People's Congress (NPC), at the Great Hall of the People in Beijing, China March 8, 2025. REUTERS/Tingshu Wang/File Photo/File Photo

        Xi Jinping’s anticorruption drive sweeps up senior Chinese military chiefs | Xi Jinping News

        Taipei, Taiwan – As thousands of Chinese government officials gathered in Beijing for China’s annual legislative meetings known as the “two sessions” this month, at least a dozen active and retired military officers were absent from the proceedings. Among the absentees was General Zhang Youxia, who has been under investigation since late January for “suspected…

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