China mulls tighter rules for firms listing overseas
Bloomberg
China’s securities regulator is weighing tighter rules for companies seeking to list in Hong Kong or overseas, a move that could hit technology firms already smarting from months of clampdowns, people familiar with the matter said.
The China Securities Regulatory Commission is considering proposals that would require firms seeking initial public offerings (IPOs) outside mainland China to submit listing documents to ensure they are compliant with local laws and regulations, the people said.
The scrutiny would also seek to prevent any leaks of sensitive data that might be of national security interest, the people added, requesting they not be identified as the matter is private.
SEC Adopts Form Amendments To Help Registrants Comply With Holding Foreign Companies Accountable Act - Corporate/Commercial Law
mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
Bilibili Becomes Latest U S -Listed Stock to Fall in Hong Kong Market Debut
caixinglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from caixinglobal.com Daily Mail and Mail on Sunday newspapers.