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China strengthens supervision of overseas listed Chinese companies

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BEIJING (Reuters)-Xinhua News Agency quoted cabinet sources on Tuesday that China will strengthen supervision of overseas listed Chinese companies and improve cross-border data flow and data security supervision.

According to Xinhua News Agency, China will also severely crack down on violations of laws and regulations in the securities market and severely punish false securities issuance, market manipulation and insider trading.

It added that China will check the sources of funds for securities investments and control the leverage ratio.

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