China Releases New Rules on Overseas Issuances and Listing Activities
The China Securities Regulatory Commission ("CSRC") issued the finalized Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises and a series of associated regulatory guidelines on 17 February 2023 to systematically regulate all types of overseas equity securities issuances and listing activities by enterprises based in the mainland of China, which will take effect from 31 March 2023.
This alert summarises a few key takeaways from the new regime.