Title: China Securities Regulatory Commission Cracks Down on Violations of Overseas Listing Regulations
Securities Times reporter Cheng Dan
Recently, a domestic company listed on an overseas OTC market has come under scrutiny for submitting an application to an overseas regulatory agency for transfer to an overseas stock exchange for listing without completing the necessary procedures. The China Securities Regulatory Commission has stated that this behavior violates the “Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises.”
According to the regulations, overseas issuance and listing activities must follow specific guidelines, including filing with the China Securities Regulatory Commission within 3 working days after submitting the application documents. The Commission emphasized that domestic enterprises seeking to transfer to overseas listings must adhere to these requirements to ensure compliance.
The Commission also highlighted that domestic enterprises must complete the filing procedures before the overseas transfer and listing are finalized, as per the “Notice on the Registration Management Arrangements for Overseas Issuance and Listing of Domestic Enterprises,” which came into effect on March 31, 2023.
In light of these violations, the Securities Times reminds readers that the information provided is for reference only and does not constitute investment advice. Any investment decisions made based on this information are at the reader’s own risk.
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