Companies in China raised more fund in overseas equity market in 2015 thanks to streamlined approval process, official data showed.
Security watchdog approved 69 companies in China to raise a total of 45.4 billion U.S. dollars in overseas equity market through initial public offering or refinancing last year, according to the China Securities Regulatory Commission (CSRC).
The fund raised is 23 percent more than that for the previous year while the number of companies that got approval rose 82 percent.
The CSRC has taken positive steps to push domestic firms to go public overseas since last year, from annulling finance review and a compulsive link between issue price on the Chinese mainland's A-share and Hong Kong's H-share market, to allowing domestic firms to go listed overseas without filing their financial statements and audit reports.
The CSRC also encouraged companies to finance through new tools such as preferred stocks and convertible bonds.
