High time to implement this, not just for China but every country should do it - The security review will put a focus on risks of data being affected, controlled or manipulated by foreign governments after overseas listings, said the Cyberspace Administration of China. Just 2 days ago, the Biden administration added 14 Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang. This is in addition to last month blacklisting 59 Chinese companies. The trade war started by Trump in 2017 has now deteriorated into technological and financial war. As a counter measure, China will likely discourage Chinese IPO in US market, which is worth billions of dollars. Bad for stock market in the near term, and will cause more volatility. Good to accumulate good stocks slowly in time of crisis.