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China's Politburo confirms clampdown on overseas tech listings

Data leaks designated an economic risk by Communist Party leadership

A broadcast of Chinese President Xi Jinping speaking in Beijing. The Communist Party's Politburo confirmed tougher oversight of Chinese companies' overseas listings.   © Reuters

BEIJING -- China's Communist Party leadership on Friday decided to keep a closer watch on overseas stock market listings by domestic companies, part of an effort to block leaks of data from its vast tech sector.

The announcement emerged from a closely watched July meeting of the party's Politburo chaired by Chinese President Xi Jinping, when the 25-member body sets a direction for economic policy in the second half of the year.

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