Speed up! The latest announcement from the China Securities Regulatory Commission: Ten domestic enterprises have obtained overseas IPO filing | Work | Enterprises
The latest data released by the China Securities Regulatory Commission shows that in the past four months since the implementation of the new regulations on the filing of overseas listings for domestic enterprises, the filing work has been progressing in an orderly manner and gradually accelerating.
At present, there are a total of ten domestic enterprises that have obtained overseas IPO filing letters, of which two were newly approved in May, no new filing was made in June, and eight have been newly approved since July. The Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises formulated by the China Securities Regulatory Commission have been implemented since March 31, 2023.
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Xu Wenming, Vice Dean of the Institute of Law and Economics at China University of Political Science and Law: This "method" has opened up the institutional barriers for Chinese enterprises to go public overseas and has also expanded the investment and financing channels for domestic innovation and entrepreneurship enterprises, helping Chinese enterprises with certain strength and standardized management to go global.
As of July 27th, since the implementation of the new self filing regulations, the China Securities Regulatory Commission has received application materials for overseas issuance and listing from 96 companies.
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