China drafts tough rules to stop data from leaving its borders as Beijing tightens grip on information

A new set of draft rules released on Friday by the Cyberspace Administration of China (CAC), the country’s internet watchdog, have proposed additional requirements for businesses wanting to transfer Chinese data abroad, as Beijing seeks to tighten its grip on domestic data.

The draft regulations, which are likely to become official after the public feedback period ends on November 28, are set to have a far-reaching impact on the overseas listings of Chinese companies, and even day-to-day operations of multinationals operating in the country.