Asia lobby group pushes for easing of China’s offshore listing rules


Source: reuters.com reuters.com

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HONG KONG, June 27 (Reuters) - China's new offshore listing rules for domestic companies have left bankers and lawyers who work on listings unsure how to take on liabilities and how to avoid breaching tightened confidentially rules, Asia's largest financial lobby group said on Tuesday. China's long-awaited rules for offshore stock exchange listings come into effect on March 31 as part of Beijing's regulatory tightening on cross-border listings after years of a laissez-faire approach. Lobby group ASIFMA (the Asia Securities Industry and Financial Markets Association) counts leading global investment banks Goldman Sachs (GS.N), JPMorgan Chase & Co (JPM.N), and UBS...