China to Tighten Foreign IPOs, May Ban Some on National Security
- Firms seeking to list abroad would have to register with CSRC
- Beijing has been reining in companies holding large data piles
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China plans to tighten scrutiny of domestic firms’ overseas share sales and ban those whose listing could pose a national security threat.
All Chinese companies seeking initial public offerings and additional share sales abroad would have to register with the China Securities Regulatory Commission, according to a consultation paper it released late Friday.