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ARTICLE · 27 JANUARY 2022

China Revamps Overseas Listing Rules

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Towards the end of 2021, China released two draft rules on overseas stock listing for public comments. These new draft rules, namely the Provisions of the State Council on the Administration of Overseas Securities...

ChinaCorporate/Commercial Law
Daniel Tang
Daniel Tang
Joyce He
Joyce He
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Towards the end of 2021, China released two draft rules on overseas stock listing for public comments. These new draft rules, namely the Provisions of the State Council on the Administration of Overseas Securities Offering and Listing by Domestic Companies and the Administrative Measures for the Filing of Overseas Securities Offering and Listing by Domestic Companies, will reshape Chinese companies' future fund raisings outside of Mainland China.

The draft rules are widely perceived as a significant step by the China Securities Regulatory Commission ('CSRC'), the country's top securities regulator, to dispel market doubts and concerns about the ability of Chinese companies to float their shares on Hong Kong and other overseas stock exchanges. These concerns arose after the fallout over the Chinese ride-hailing app Didi's initial public offering ('IPO') in late June 2021.

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