Marbridge Daily

<- December 17, 2012 ->

CSRC May Lower Threshold for Chinese Companies to List in HK

China Securities Journal, 12/17/12

The China Securities Regulatory Commission (CSRC) will soon open discussion on a proposal to loosen the requirements for Chinese companies to list on the Hong Kong Stock Exchange. The CSRC plans to announce specific details on the proposed changes shortly.

According to CSRC Chairman Guo Shuqing, the CSRC is currently reviewing the capital and IPO scale requirements to list in Hong Kong with related Hong Kong agencies.

According to current CSRC regulations, Chinese companies wishing to list in Hong Kong are required to have minimum net asset value of RMB 400 mln, a yearly net profit of no less than RMB 60 mln, and raise a minimum of USD 50 mln through their IPO. These restrictions have traditionally prevented the majority of Chinese small-to-medium enterprises from raising capital on foreign stock exchanges.

 

Keywords:  Internet  Hong Kong Stock Exchange  CSRC  regulation  overseas  wireless  television  telecom  software  hardware 

Please note, all fields are required.
None of your personal information will be shared with third parties.

Please enter your name

Please enter a valid email address
(City, Country)
Please enter your location


You need to enter a message

SECTIONS

Index Telecom Wireless Internet Television Hardware & Software
Drop Shadow