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China Rules on Overseas IPOs May Hit Foreign Advisers – Caixin

Draft rules unveiled by the China Securities Regulatory Commission (CSRC) will require firms to file with the securities regulator within 10 working days after their first engagement in such business.


China Securities Regulatory Commission
People walk past the office of the China Securities Regulatory Commission in Beijing. Photo: Reuters.

 

Foreign financial intermediaries that manage overseas share sales of Chinese mainland companies could face tougher compliance challenges under a proposed new regulatory framework that will increase registration and paperwork requirements, Caixin Global reported.

Draft rules unveiled by the China Securities Regulatory Commission (CSRC) on December 24 will require firms to file with the securities regulator within 10 working days “after the first engagement of such business.” Such firms include investment banks that sponsor or act as lead underwriters for a domestic company’s overseas securities offering and listing.

Read the full report: Caixin Global.

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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