Chinese firms with offshore structure to need approval for Hong Kong IPOs -sources


Source: causeaction.com causeaction.com

Key Topics in this News Article:

News Snapshot:

https://www.oann.com/chinese-firms-with-offshore-structure-to-need-approval-for-hong-kong-ipos-sources/?utm_source=rss&utm_medium=rss&utm_campaign=chinese-firms-with-offshore-structure-to-need-approval-for-hong-kong-ipos-sources FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo September 10, 2021 HONG KONG (Reuters) – China’s securities regulator is looking to expand its scrutiny of overseas listings by offshore incorporated companies to include initial public offerings (IPO) in Hong Kong, five people with knowledge of the matter said. The China Securities Regulatory Commission (CSRC) has already been setting up a team https://www.reuters.com/world/china/china-targets-offshore-ipo-structure-require-ministry-approval-sources-2021-07-08 to focus on companies seeking to list offshore using the so-called variable interest entity (VIE) corporate structure...