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June 11, 2021

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Companies backed over listing choices

CHINA’S top securities regulator yesterday reiterated its open and supportive attitude over companies’ listing locations.

“It is normal that some businesses opt to list overseas while some choose to come back,” Yi Huiman, chairman of the China Securities Regulatory Commission, said at the Lujiazui Forum in Shanghai.

Regardless of where to go public, companies should comply with local laws and regulations, Yi said, calling for further cooperation among global watchdogs to provide a better market environment.

The CSRC will properly handle the relations between openness and security, as the prerequisite for overseas listing is to comply with relevant domestic laws and regulatory requirements, Yi added.

He also responded to recent stories of tightening IPO regulations, saying “in our view, IPO regulations have neither tightened nor loosened.”

But issuance surely requires comprehensive consideration of market capacity, liquidity environment and the coordinated development of primary and secondary markets, with an aim to actively create an IPO ecology in line with market expectations, he said.




 

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