Chinese Regulators Lifted a 20-month BAN on Companies Seeking to List Overseas

Chinese regulators have lifted a 20-month ban on companies seeking to list overseas, according to the South China Morning Post. This move is intended to provide opportunities for businesses to raise capital for growth in the post-Covid era.

Beginning on March 31, the China Securities Regulatory Commission (CSRC) will be responsible for examining applications for offshore listings, including those in Hong Kong and the United States.

However, applicants for listing must comply with industry regulators' regulations, such as the Cyberspace Administration of China (CAC), with regards to customer data disclosures and anything that may be classified as a state secret. Additionally, the CSRC will block listings that could threaten state security, as well as those involving companies or shareholders accused of corruption, bribery, or currently under investigation.

Source: https://www.scmp.com/business/article/3210653/china-implement-new-overseas-listing-rules-mainland-firms-end-march-clearing-way-more-ipos