China Updates Dozens of Rules for Listed Companies
Less than a month after China clarified the regulations for Chinese companies seeking to list overseas, the nation’s top securities regulator has unified requirements for subsidiaries of Chinese mainland-listed companies that conduct an IPO in the domestic market and those that do so overseas.
The China Securities Regulatory Commission (CSRC) recently published 21 sets of amended or new regulations related to listed companies, changing or clarifying requirements for their management and the trade of their shares. Some of the updates removed “outdated, redundant, or contradictory” parts or summarized widely recognized practical experience in order to form unified and clear rules, a CSRC announcement released in November said.
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