Time of Service Trade Council ｜ Fang Xinghai: Promote the legislative procedure of new rules for overseas listings

Zhongxin Jingwei, September 2nd (Ma Jing) "China and the United States have successfully signed a cross -border listed company audit supervision and cooperation agreement to solve the important step in solving the obstacles to the United States' listing of Chinese companies for many years." Chairman Fang Xinghai stated at the "2022 China International Financial Annual Forum" that it will promote the legislative procedures of the new overseas listing regulations and prepare for supporting rules and system construction after the reform and implementation.

From August 31st-September 5th, the 2022 China International Services Trade Fair (hereinafter referred to as the service trade association) hosted by the Ministry of Commerce of China and the Beijing Municipal People's Government was held in Beijing. The "2022 China International Rong Rong Annual Forum" is one of the Special Exhibition of the Financial Specialty Exhibition of the Service Trade Association.

Fang Xinghai mentioned that China's capital market has grown into the world's second largest market, and its degree of opening up has become increasingly increasing. The CSRC will make overall development and security, fully support the stability of the economic market, and launch more intensive and in -depth open measures to promote the high -quality development of the capital market.

In terms of specific measures, Fang Xinghai revealed that the CSRC will continue to steadily promote the all -round and institutional opening of the market, institutions, and products, promote the legislative procedures of new overseas listing regulations, and prepare for supporting rules and system construction after the reform and implementation.

"A record procedure for the overseas listing will cover the enterprises that are registered abroad, but the main businesses are all developed in China. These companies' overseas listing will be included in a unified standardized procedure." Fang Xinghai explained.

Fang Xinghai also said that it will expand and optimize the business of interconnected entrustment vouchers, support more listed companies' interconnection and existence vouchers to issue and go public, further optimize and improve the Shanghai -Shenzhen -Hong Kong -connected mechanism, promote substantial progress in interconnection and interoperability in the exchange of the exchange, and steadily expand steadily The international variety of goods and financial futures supports the authorization of futures product settlement prices to achieve the opening of the futures market and diversified paths.

Fang Xinghai also mentioned that the construction of supervision and risk prevention capabilities in the open environment will be further strengthened. Persist in the requirements of openness, clearing, and controlling it, strengthen the monitoring of cross -border capital flow, maintain the smooth operation of the capital market, implement the Sino -US cross -border audit supervision and cooperation agreement, open the high level of the capital market, build a good construction. Expected international regulatory environment. It will continue to strengthen communication with overseas institutional investors, continuously improve the convenience of investment in the A -share market, and continuously enhance the confidence of foreign investment in China's capital market. At the same time, the CSRC will further strengthen the pragmatic cooperation between the Mainland and the Hong Kong capital market, and to launch three major measures including expanding the Shanghai -Shenzhen -Hong Kong Stock Connect stock, increasing RMB stock trading counter in the Hong Kong Stock Connect, and supporting Hong Kong's launch of national bond futures.

(For more report clues, please contact the author Ma Jing, mailbox: [email protected]) (Zhongxin Jingwei APP)

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Editor in charge: Luo Yan

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