Caixin
Dec 27, 2021 08:49 PM
FINANCE

China Fleshes Out Regulation on Domestic Firms Listed Overseas

The headquarters of the National Development and Reform Commission in Beijing in December 2020. Photo: VCG
The headquarters of the National Development and Reform Commission in Beijing in December 2020. Photo: VCG

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.

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