{"id":35786,"date":"2023-07-14T17:36:14","date_gmt":"2023-07-14T21:36:14","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/china-cybersecurity-stocks-jump-after-beijing-unveils-draft-ai-rules\/"},"modified":"2023-07-14T17:36:15","modified_gmt":"2023-07-14T21:36:15","slug":"china-cybersecurity-stocks-jump-after-beijing-unveils-draft-ai-rules","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35786","title":{"rendered":"China cybersecurity stocks jump after Beijing unveils draft AI rules"},"content":{"rendered":"
\n

Shares of Chinese cybersecurity companies were sharply higher on Friday, boosted by Beijing\u2019s latest artificial-intelligence regulations that emphasized cybersecurity and data safety.<\/p>\n

Data protection solutions provider Zhongfu Information Inc.
\n 300659,
\n +19.98%<\/bg-quote>
\n jumped 20%, network security company Shenzhen GuoHua Network Security Tech Co.
\n 000004,
\n +10.02%<\/bg-quote>
\n surged 10% and Beijing Bohui Science & Technology Co.
\n 688004,
\n +8.12%<\/bg-quote>
\n was up 12%.<\/p>\n

\n

The rally came after China unveiled draft measures on Thursday to regulate the emerging generative AI industry. The rules, co-published by several top government agencies including Beijing\u2019s internet regulator and the country\u2019s top economic planner, stressed the importance of network security and data regulation as the nascent industry develops and grows.<\/p>\n

Analysts at AVIC Securities said that the new rules could boost demand for data security solutions from AI technology companies. \u201cThis could bring about new growth opportunities for the cybersecurity market in general,\u201d the analysts said.<\/p>\n

Write to Yifan Wang at yifan.wang@wsj.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Chinese cybersecurity companies were sharply higher on Friday, boosted by Beijing\u2019s latest artificial-intelligence regulations that emphasized cybersecurity and data safety. Data protection solutions provider Zhongfu Information Inc. 300659, +19.98% jumped 20%, network security company Shenzhen GuoHua Network Security Tech Co. 000004, +10.02% surged 10% and Beijing Bohui Science & Technology Co. 688004, +8.12% […]<\/p>\n","protected":false},"author":1,"featured_media":35787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-35786","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nChina cybersecurity stocks jump after Beijing unveils draft AI rules | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Chinese cybersecurity companies were sharply higher on Friday, boosted by Beijing\u2019s latest artificial-intelligence regulations that emphasized\" \/>\n<meta name=\"robots\" content=\"index, follow, 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