China Rules on Overseas IPOs May Hit Foreign Advisors – Caixin


Source: asiafinancial.com asiafinancial.com

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Draft rules unveiled by the China Securities Regulatory Commission (CSRC) will require firms to file with the securities regulator within 10 working days after the first engagement of such business. Foreign financial intermediaries that manage overseas share sales of Chinese mainland companies could face tougher compliance challenges under a proposed new regulatory framework that will increase registration and paperwork requirements, Caixin Global reported. Draft rules unveiled by the China Securities Regulatory Commission (CSRC) on December 24 will require firms to file with the securities regulator within 10 working days “after the first engagement of such business.” Such firms include investment...