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China unveils draft rules for domestic firms’ overseas IPOs, bans listings endangering national security

December 25, 2021
Source: globaltimes.cn globaltimes.cn
News Snapshot:
China unveils draft rules for domestic firms’ overseas IPOs, bans listings endangering national security By GT staff reporters Published: Dec 25, 2021 01:17 AM Photo:VCG China's securities regulator on Friday unveiled draft rules to regulate domestic firms' overseas listings, which would ban listings endangering national security and mandate security review filings by IPO hopefuls that fall under the purview of foreign investment security and cybersecurity reviews, as the country takes a key step to closing its securities regulatory loopholes in the face of financial decoupling from the US.The securities regulator also defused woes over banning overseas listings through variable interest...
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