BEIJING, June 20 (Xinhua) -- China Securities Regulatory Commission (CSRC) supports as always overseas listing of Chinese companies and related filing processing will expedite further in future, reported Xinhua Finance citing Fang Xinghai, deputy head of CSRC on Wednesday.
Fang made the remarks during the Lujiazui Forum 2024 opened in Shanghai on June 19, saying that since implementation of regulations on filing-based administration of overseas offering and listing from March last year, Chinese enterprises have showed great activity in overseas offering and listing.
By Tuesday, filing for overseas offering and listing of 158 Chinese firms were completed. Among them, 85 companies selected offering or listing in Hong Kong market and 73 ones preferred securities offering or listing in the U.S. market.
Currently, there are still a large number of enterprises queuing up for overseas offering and listing, which shall be supported as it points to their ambitions for further expansion and competitiveness improvement, according to Fang.
In the future, bigger filing support will be given to Chinese companies which plan to raise big sums and boast stronger competitiveness in sci-tech innovation and CSRC encourages Chinese mainland companies to go public in the Hong Kong market in seeking overseas listing, Fang noted.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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