China formalizes rules for overseas IPOs

China formalizes rules for overseas IPOs- Check out in detail

[{"selector":"#anim-854bbbf0-55f4-4a40-a393-0fa8b133535a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.16983577263814%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The China Securities Regulatory Commission announced late Friday new rules that require domestic companies to comply with national security measures Arrow

The CSRC said its rules for overseas listings are set to take effect March 31.

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The rules do not ban the variable interest entity structure commonly used by Chinese companies when listing in the U.S.

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China-based companies now have more clarity on whether they can list overseas in the U.S.

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The CSRC said its rules for overseas listings are set to take effect March 31.

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The rules are similar to a draft published in late 2021, which had no implementation date.

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[{"selector":"#anim-f71a135a-4ca4-4a3f-ad46-57aa3610df0d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The new rules also call for IPO underwriters, typically international investment banks, to annually report to the CSRC their involvement with Chinese listings overseas. Arrow

[{"selector":"#anim-a79d5072-4d97-41e1-b1ba-9869cc4a8baf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The CSRC also said companies or individuals might be fined up to 10 million yuan ($1.5 million) for sharing misleading information or otherwise violating the rules. Arrow

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