China Fleshes Out Regulation on Domestic Firms Listed Overseas

China further clarified the regulations for domestic companies seeking to list overseas when it published a new negative list for foreign investment Monday.

In the list, which specifies the domestic businesses that foreign investors are restricted from entering, authorities said Chinese firms in the businesses on the list can file for offshore listings as long as they win regulatory approval and meet certain requirements.

The negative list (link in Chinese), jointly issued by China’s National Development and Reform Commission and Ministry of Commerce, takes effect Saturday.