Direct overseas listing of Chinese enterprises: A clear regulatory framework and explicit regulatory requirements are needed

Liu Yi

Journal of Securities Operations & Custody, 2010, vol. 3, issue 3, 252-267

Abstract: With the practice of direct overseas listing of Chinese enterprises, a regulatory system based on the People’s Republic of China (PRC) Company Law (1993) and constituted by the relevant regulations, rules and other regulatory documents has gradually been established and constantly improved. Under the new landscape, Chinese enterprises have provided the main part of listing resources for some overseas stock exchanges. However, there exist a lot of problems in China’s domestic regulation, which could be substantial obstacles for direct overseas listing of Chinese enterprises. In order to protect China’s national economic security and the general interests, and ensure the compliant oper­ation of H-share companies, it is necessary to regulate direct overseas listing to a certain extent. However, the exercise of domestic regulatory power shall be self-restrictive and respect the functions of market force. As such, there is a pressing need to refine the regulatory framework, clarify the regulatory standards, and improve the regulatory efficiency and increase the transparency of regulatory process.

Keywords: securities regulation; overseas listing; China Securities Regulatory Commission; regulatory framework (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/4589/download/ (application/pdf)
https://hstalks.com/article/4589/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2010:v:3:i:3:p:252-267

Access Statistics for this article

More articles in Journal of Securities Operations & Custody from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().