Source: Global Times    Published: 2025-03-31

By Global Times

China will foster a more transparent, efficient and predictable regulatory environment for companies pursuing overseas listings, and will promote reform through further openness, according to a meeting hosted by the China Securities Regulatory Commission (CSRC) on Monday.

The CSRC pledged to balance development and security and supervision and vitality, strengthen the review and evaluation of the operational experience of its coordination mechanism, improve institutional mechanisms, optimize work procedures, and further enhance policy alignment, regulatory collaboration, and information sharing among various departments, according to a readout of the meeting.

Representatives from a coordination mechanism governing the filing-based administration of overseas securities offering and listing by domestic companies, including those from the National Development and Reform Commission, the People's Bank of China and National Financial Regulatory Administration, among others, attended the meeting hosted by Li Chao, vice chairman of the CSRC.

The CSRC issued new regulations for the filing-based administration of overseas securities offering and listing by domestic companies in February 2023, which came into effect on March 31 that year.

The coordination mechanism has seen close collaboration among relevant departments, leading to positive progress in the management of overseas listing filings, per the readout on the CSRC's website on Monday. 

The institutional rules have been continuously improved, collaborative efficiency has been enhanced, and risk prevention and control measures have been solid and effective. This has effectively supported enterprises in making lawful use of both domestic and overseas market resources for regulated and sound growth, the meeting noted.

Dong Shaopeng, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China, said further refining the coordination mechanism would enhance filing efficiency and support market-driven enterprise operations.

Dong noted that coordinated efforts help resolve information-sharing issues, eliminate duplications and reduce burden on companies. 

"On the other hand, the mechanism serves to prevent enterprises from overlooking significant information that should be disclosed, ensuring comprehensive regulation without blind spots," Dong said, adding that companies and intermediary institutions must strictly adhere to legal filing requirements and maintain integrity and honesty.

The meeting also pledged to push forward supportive measures for Hong Kong in the capital market to help the specifical administrative region consolidate and enhance its status as an international financial center.

Hong Kong's capital market has surged since the start of 2025, with its stocks leading global gains. In the first two months of the year, 41 Chinese mainland companies submitted listing applications in Hong Kong, marking an increase of more than 200 percent compared to the same period last year, the Economic Daily reported on Sunday.