China targets offshore IPO structure, to require ministry approval -sources
Reuters, 09 July 2021
China’s securities regulator is setting up a team to review plans by Chinese companies for initial public offerings (IPOs) abroad, sources with knowledge of the matter said, including those using a corporate structure which Beijing says has led to abuse.
Chinese companies looking to list offshore will also need approval from the relevant ministry, the sources told Reuters, in a break from a decades-old arrangement that did not require them to seek a formal go-ahead from any authorities in China. Continue reading “Article: China targets offshore IPO structure, to require ministry approval -sources”