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CSRC Extends An Olive Branch As Hong Kong Internet Rebounds

August 3, 2021
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
Key News Asian equities were a screen of green as Japan, Hong Kong, China, Taiwan, and Australian stock markets outperformed. Over the weekend, China’s SEC/financial regulator, the China Securities Regulatory Commission (CSRC), held a press conference with potentially strong implications. First, they stated, “The CSRC has always been open to companies to list their securities on international or domestic markets…”. So, rumors of US listings’ demise might be exaggerated. Second, they stated “companies shall abide by applicable laws, regulations, and regulatory requirements in both their listing jurisdiction and operating jurisdiction.” To abide by US rules means US-listed Chinese companies should...
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Tags: Alibaba | bank | BYD | China | Chinese | education | electric vehicle | export | Exports | finance | Guangdong | Hong Kong | Internet | Japan | manufacturing | online shopping | real estate | Shanghai | Shenzhen | SMIC | stock market | stocks | Taiwan | technology | Tencent

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