China’s offshore listing rules seen easing market uncertainty


In Hong Kong, the value of initial public offerings (IPOs) in 2021 fell to US$26.7bil (RM112bil) from the previous year’s US$32.1bil (RM135bil), according to Refinitiv data. Reaction to the new rules will be seen today when the US stock market resumes trade after closing last Friday for the Christmas holiday. Hong Kong stocks will resume trading tomorrow.

HONG KONG: China’s plan to tighten scrutiny over mainland companies’ overseas share sales is likely to ease the regulatory uncertainty that roiled financial markets this year and stalled offshore listings, according to bankers and analysts.

But the securities regulator’s new filing-based system, designed to rein in once freewheeling Chinese listings in the US market and elsewhere, leaves open questions about rule enforcement and compliance criteria, according to them.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , offshore listing rles , Hong Kong , market

Next In Business News

Jinhua – a trading hub without borders
From the ashes of Fluff comes Big Mouth
AI disruption fears rock markets
Asia bonds for diversification
Private equity hits a sixer
US LNG exporters lead in gas use
Up in Arms - or up the value chain?
Ringgit closes higher against greenback on cautious market sentiment
T7 Global subsidiary appointed panel contractor for PETRONAS
YTL inks RM200mil naming rights deal with Aviva for Bristol arena

Others Also Read