Regulators in both countries have increased clarification this month what’s needed from Chinese companies to go public in the U.S.
The new rules for overseas listings did lay out specific requirements for filing documents, and said the securities commission would respond to filing requests within 20 working days of receiving all materials, according to a draft.as some had feared.
The structure creates a listing through a shell company, often based in the Cayman Islands, preventing investors in the U.S.-listed stock from having majority voting rights. "If complying with domestic laws and regulations, companies with VIE structure are eligible to list overseas after filing with the CSRC," the commission said in anHowever, the amount of foreign investment allowed in Chinese VIEs will likely be reduced to match that of mainland China's A shares, said Bruce Pang, head of macro and strategy research at China Renaissance.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China drafts rules to tighten management of company registrationsChina's central bank and market regulator issued draft rules on Monday requiring companies to improve the management of their registration information, with any deferred registration filings likely to be subject to the rules.
Read more »
Philippine President Duterte's China pivot hasn't reduced tensions in the South China SeaChina and its Southeast Asian neighbors including the Philippines have been embroiled in territorial disputes in the South China Sea for decades.
Read more »
China oil demand to peak by 2030 on petrochemical use – CNPCChina's oil consumption is expected to peak at about 780 million tonnes per year by 2030, China National Petroleum Corp (CNPC) Economics & Technology
Read more »
Why a U.S.-born popstar's divorce drama is the talk of ChinaTaiwanese American star Wang Leehom is in career freefall in China amid a messy public divorce with Lee Jinglei that highlighted the status of celebrities and women.
Read more »
China to remove limits on foreign investment in passenger car manufacturingChinese authorities will allow full foreign ownership of passenger car manufacturing in the country beginning Jan. 1, 2022.
Read more »
China talks up 'green' Olympics but prepares to fight smogChina is using the Winter Olympic Games to drive its efforts to improve the environment, but smog-prone capital Beijing is still preparing for the worst as the opening ceremony looms. Beijing has improved its air quality since China won its bid to host the Games, but the Ministry of Ecology and Environment has said winter smog risks remained 'severe'. 'When the time comes, Beijing and Hebei will be guided to adopt reasonable environmental protection measures in accordance with the law,' he said.
Read more »