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CSRC sets new overseas listing rule

(China Daily)
Updated: 2007-04-03 10:25

Overseas-listed firms should deposit their non-listed shares in the China Securities Depository and Clearing Corporation before June 30, according to a China Securities Regulatory Commission (CSRC) notice.

Those companies planning overseas initial public offerings must deposit their non-listed shares 15 days after they float.

The commission also said it had signed a memorandum of understanding with Hong Kong's securities regulator on securities regulation cooperation and protecting investor interests.


(For more biz stories, please visit Industry Updates)



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