Friday May 25, 2018
    Home > News > Economy
    Text:| Print|

    CSRC mulls more funding from overseas

    2013-06-03 08:15 Global Times     Web Editor: qindexing comment

    The securities regulator is considering measures to support local enterprises in raising funds abroad, a spokesperson from the China Securities Regulatory Commission (CSRC) said over the weekend, without revealing further details.

    Media reports said it indicated that the regulator wants to find alternative financing channels for poorly funded firms, while maintaining controls on initial public offerings in the mainland market.

    At the end of last year, the CSRC started to ease the rules for mainland companies in listing overseas, including canceling the net profit requirements, as part of the effort to ease fundraising pressure on smaller companies.

    Companies in the mainland are still subject to approval from the CSRC under its preliminary review procedures before seeking financing overseas.

    So far, the mainland has more than 1,000 companies listed overseas, among which Hong Kong-listed firms, known as red-chip firms, have a total market capitalization of $1.8 trillion, according to figures provided by Guo Shuqing, former head of the CSRC, at the Asian Financial Forum on January 14.

    Comments (0)

    Copyright ©1999-2011 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.

    主站蜘蛛池模板: 宁阳县| 吕梁市| 铁岭市| 高台县| 山丹县| 郁南县| 涿鹿县| 黔江区| 杭锦后旗| 鄂尔多斯市| 玛多县| 苏尼特左旗| 禄丰县| 开阳县| 潜江市| 衡阳县| 营山县| 郁南县| 进贤县| 石狮市| 蒙城县| 吴桥县| 内江市| 磐石市| 双江| 龙陵县| 含山县| 台东市| 开平市| 伊吾县| 巴东县| 合阳县| 日照市| 上林县| 新龙县| 泽库县| 武功县| 民勤县| 酉阳| 大名县| 交口县|