CHINA SECURITIES REGULATORY COMMISSION

Market Infrastructure

CSRC Issues Draft Rules for Beijing Stock Exchange

By Editors | 06/09/2021

SMEs trading on the NEEQ for at least 12 months will qualify to list on the Beijing Stock Exchange, which will adopt the registration-based IPO system.

Market Infrastructure

China to Set Up New SME-Focused Stock Exchange in Beijing

By Editors | 03/09/2021

President Xi Jinping announced that a new stock exchange will be set up in Beijing and reforms at the NEEQ will be deepened to further support SMEs.

Securities / Derivatives

CSRC to Eliminate “Fake” Private Equity, Venture Capital Funds

By Editors | 01/09/2021

CSRC chairman Yi Huiman said “fake” private equity funds that are sold to the general public instead of targeted investors will be eliminated.

Securities / Derivatives

CSRC Considers Barring Data-Heavy Firms from Listing Overseas

By Sanday Chongo Kabange | 30/08/2021

The CSRC is drafting rules that would prohibit Internet firms holding large amounts of user-related data from listing overseas, targeting firms with VIE structures.

Securities / Derivatives

SEC Directs Chinese Firms to Issue Disclosures on VIE Structures

By Sanday Chongo Kabange | 26/08/2021

Chinese companies have started to receive instructions from the SEC on the disclosures they must provide on their use of VIEs for US-bound IPOs.

Enforcement

China Suspends Over 40 IPOs Amid CSRC Regulatory Probe

By Sanday Chongo Kabange | 25/08/2021

The CSRC is investigating a broker, a law firm, an asset appraisal firm, and accounting firm over their alleged involvement in share sales.

Securities / Derivatives

CSRC to Promote China-US Cooperation on Audit Supervision

By Editors | 24/08/2021

The CSRC said it will create conditions to promote China-US cooperation on audit supervision, strengthen market communication, and stabilise policy expectations.

Market Infrastructure

HKEX Set to Launch A-share Index Futures in October

By Editors | 20/08/2021

The SFC approved HKEX’s launch of the new futures contract on Friday, calling it a major milestone for Hong Kong’s capital markets.

Securities / Derivatives

China Pledges to Open Up Corporate Credit Bond Market

By Manesh Samtani | 19/08/2021

Coordinated efforts will be made to unify access arrangements for foreign institutional investors and streamline requirements on the management of cross-border capital.