Date
20 August 2017

PBoC backs offshore listing for tech firms, PBoC says

The People’s Bank of China (PBoC), the Ministry of Science and Technology and four other regulatory bodies will help qualified technology companies list overseas and expand via mergers and acquisitions, according to an announcement on the PBoC’s website Wednesday. The authorities will also speed up the necessary approval processes. Eligible firms may also be given the green light to issue preferred stock, as well as conduct private placement of convertible bonds to boost their financing options, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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