The Wall Street Journal also speculates that the corporate structure that Chinese public technology companies have adopted to list internationally, whereby an offshore listed holding company owns 100% of a local operating company, could be threatened if the new agency decides it conflicts with the law.
The Chinese government has also announced plans to draw up even more internet regulation, in response to last year's corporate war between IM service provider Tencent and antivirus software developer Qihoo and its perceived impact on consumer interests.