Reuters exclusively reported that Beijing has asked law firms to tone down the language used to describe China-related business risks in Chinese companies’ offshore listing documents, warning failure to do so could cost them regulatory green light for the IPOs.
Business & Finance
Beijing pushes for toning down of China risks in IPO prospectuses
24 July 2023, 6:26 pm 1 minute
Market Impact
The move, which not been reported before, is the latest in tightening scrutiny of Chinese companies’ offshore listings and comes at a time when Beijing is stepping up controls over cross-border transfer of sensitive information.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
