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Citigroup gets regulatory nod for fund custody business in China
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Credit Suisse : China steps up efforts to calm investor jitters; markets rebound
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By Emily Tan, CNBC •
Updated on July 28, 2021 at 11:55 pm
Drew Angerer | Getty Images News | Getty Images
China will continue to allow Chinese companies to go public in the U.S. as long as they meet listing requirements, China s securities regulator told brokerages late Wednesday, according to a source familiar with the matter.
China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai made the comment during a virtual meeting with major investment banks on Wednesday, the source said.
Chinese stocks listed in Asia and the U.S. including big names like Alibaba and Tencent plunged in the last several days as Chinese authorities increased scrutiny on tech companies over monopolistic practices and data security.