Govt policies not linked to overseas IPOs: China

China's securities regulator said on Sunday that Beijing's recent policy moves were not aimed at specific industries or private firms, and were not necessarily linked to companies seeking to list in overseas markets.

China has implemented a sweeping regulatory crackdown in recent months on internet companies, for-profit education, and real estate developers, among others.

"The main purpose of (those moves) is to regulate monopoly, to protect the interests and data security of small- and medium-sized firms, as well as personal information security," the China Securities Regulatory Commission (CSRC) said in a statement.

The cyberspace regulator had proposed companies with more than one million users in China undergo a security review before sending user-related data abroad or listing shares

overseas.