16 January 2019

CSRC to simplify process for new share sales, paper says

China will streamline approval procedures in preparation for a shift to a registration system for new share sales, China Securities Journal reported Thursday, citing Xiao Gang {肖鋼}, chairman of the China Securities Regulatory Commission (CSRC). At present, all share sales must be approved by regulators in a cumbersome process. The registration system allows sellers of new shares to simply disclose information about the issuers and intermediaries while investors are free to decide based on such disclosure, Xiao was quoted as saying. Also, the CSRC will gradually ease restrictions on market access for securities and futures firms including foreigners, the report said.   

– Contact HKEJ at [email protected]



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