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Efforts made for institutional reform for Chinese companies listing overseas
From:ChinaDaily  |  2022-11-05 13:50

Continued efforts will be made to advance the institutional reform regarding Chinese companies' listing in overseas markets, Fang Xinghai, vice-chairman of China Securities Regulatory Commission said at a parallel session of the Fifth Hongqiao International Economic Forum, on Saturday.

The related mechanisms will be further optimized so that investors from home and abroad can carry out overseas investments more conveniently. Companies' cross-border financing will be better supported, said Fang.

Connectivity programs such as the issuance of global depositary receipts and Chinese depositary receipts should be completed. Companies are supported to seek overseas listings by adhering to related laws and regulations, he said.

Cooperation between the Chinese mainland and Hong Kong capital markets should be strengthened. For one thing, the trading scope of the Shanghai-Hong Kong Stock Connect should be further enlarged, with more A-share companies included. Meanwhile, renminbi counter trading for Hong Kong-listed equities should be launched. Concerted efforts should be made to roll out treasury bond futures in Hong Kong, added Fang.

shijing@chinadaily.com.cn

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