https://information.cgtn.com/information/2022-11-05/CSRC-to-push-capital-market-opening-up-support-overseas-listings-1eIgYWuWAHS/index.html
China’s securities regulator will proceed to push institutional reforms relating to the abroad listings of Chinese language firms, stated Fang Xinghai, vice chairman of the China Securities Regulatory Fee (CSRC) on Saturday.
“We are going to proceed to enhance related institutional preparations to additional facilitate cross-border funding by home and overseas traders and higher assist cross-border financing of firms,” Fang stated on the fifth Hongqiao Worldwide Financial Discussion board.
By way of attracting extra high-quality abroad institutional traders, Fang stated that China’s capital market affords strong fundamentals for long-term improvement and regulators will quicken the implementation of assorted opening-up measures.
He stated that regulators will enhance market connectivity applications reminiscent of international depositary receipts and Chinese language depositary receipts issuance. They can even assist numerous enterprises of their efforts to go public abroad in accordance with current legal guidelines and rules.
Fang reiterated the pledge to widen the scope of the Inventory Join scheme in strengthening the cooperation between the Chinese language mainland and Hong Kong capital markets. The cross-boundary funding channel that connects the Shanghai, Shenzhen and Hong Kong inventory exchanges helps traders in a single market to commerce shares in others.
