Several Chinese government departments have recently announced a new set of policies and measures aimed at further supporting foreign institutions’ investment in domestic technology enterprises. The Ministry of Commerce, along with nine other key departments, issued the “Several Policies and Measures on Further Supporting Foreign Institutions’ Investment in Domestic Technology Enterprises”, highlighting the support for overseas listings for technology companies.
The new policies aim to enhance the quality and efficiency of overseas listing filing management, streamline the filing process, and create smoother overseas listing channels for technology companies. Additionally, the collaboration between the capital markets of mainland China and Hong Kong will be strengthened, with a focus on leveraging Hong Kong’s role as an international financing platform for technology-based enterprises.
Since the implementation of the “Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises” in March 2023, 122 companies have completed the registration for overseas initial public offerings and listings. Out of these, 71 companies are planning to list in Hong Kong.
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