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CHINA PRESS: CSRC To Support Overseas Listing

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s top securities watchdog will improve the efficiency of overseas listings and actively support qualified domestic firms to go public abroad, Shanghai Securities News reported, citing Wu Qing, chairman of the China Securities Regulatory Commission. The CSRC will expand the scope of Stock Connect and develop depositary receipts to attract global medium- and long-term funds, said Wu. The Commission will also steadily open up commodity and financial-futures markets to meet the needs of diversified investment and risk management better, Wu added.

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China’s top securities watchdog will improve the efficiency of overseas listings and actively support qualified domestic firms to go public abroad, Shanghai Securities News reported, citing Wu Qing, chairman of the China Securities Regulatory Commission. The CSRC will expand the scope of Stock Connect and develop depositary receipts to attract global medium- and long-term funds, said Wu. The Commission will also steadily open up commodity and financial-futures markets to meet the needs of diversified investment and risk management better, Wu added.