BEIJING -- The Chinese securities regulator has said it will step up regulation on rejected back-door listing, announcing a cool-down period for firms to restart their public drive.Businesses that have their first listing rejected will have to wait for no less than three years before trying again, according to a statement on the website of the China Securities Regulatory Commission (CSRC).The back-door listing refers to the process that a privately-held company gets included into a stock exchange by purchasing a publicly-traded company.The CSRC said it will also strengthen supervision over other types of failed initial public offerings (IPOs), with the focus on information disclosure about rectifications and changes in financial reports.To improve the quality of public firms, the securities regulator has started rigorous approval procedures for IPOs since a new review committee came into office in October, rejecting or suspending more than half of IPO applications. The hard-lined stance is considered part of the country's financial clean-up.China's top legislature plans to prolong a mandate, which allows the State Council to make adjustment for reforms that will change the stock listing system from approval-based to registration-based, for another two years to Feb 29, 2020. imprinted rubber braceletsextra large silicone wristbandscustom sports braceletsorder rubber bracelets cheaprubber bracelet trend
A jet taxies at Hong Kong International Airport at Chek Lap Kok in the New Territories. PROVIDED TO CHINA DAILY Cathay Pacific Airways Ltd said on Wednesday that data of about 9.4 million passengers of Cathay and its unit Hong Kong Dragon Airlines Limited had been accessed without authorisation. Cathay said 860,000 passport numbers, about 245,000 Hong Kong identity card numbers, 403 expired credit card numbers and 27 credit card numbers with no card verification value (CVV) were accessed in the breach. We are very sorry for any concern this data security event may cause our passengers, Cathay Pacific Chief Executive Rupert Hogg said in a statement. We acted immediately to contain the event, commence a thorough investigation with the assistance of a leading cybersecurity firm, and to further strengthen our IT security measures. Hogg said no passwords were compromised in the breach and the company was contacting affected passengers to give them information on how to protect themselves. Cathay Pacific was not immediately available for additional comment outside normal business hours. The company said it initially discovered suspicious activity on its network in March 2018 and investigations in early May confirmed that certain personal data had been accessed. News of Cathay's passenger data breach comes weeks after British Airways revealed that credit card details of hundreds of thousands of its customers were stolen over a two-week period. Cathay in a statement said accessed data includes names of passengers, their nationalities, dates of birth, telephone numbers, email and physical addresses, passport numbers, identity card numbers and historical travel information. It added that the Hong Kong Police had been notified about the breach and that there is no evidence that any personal information has been misused. Reuters
