The major provisions on overseas issuance and listing of enterprises will be revised to extend the scope of application to indirectly listed enterprises overseas

2022-05-22 0 By

On April 2, the China Securities Regulatory Commission (CSRC) published the Draft Rules on Strengthening the Security and File Management of Domestic Enterprises’ Overseas Securities Issuance and Listing (hereinafter referred to as the Rules), soliciting comments from the public.The regulation extends the scope of application to indirectly listed companies overseas.Delete the provisions about the definition of overseas listed companies and overseas Chinese in the equity holdings in state-owned listed companies with reference to the provisions of the executive consistent with the “regulations of the State Council”, “domestic enterprises” is defined as including abroad directly offering co., LTD in China and overseas indirectly offering subject domestic operating entities.