China lays out draft rules for Chinese firms' overseas listings, requires local registration of those with VIE structure

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China’s securities regulator said domestic companies seeking to sell shares overseas would have to follow domestic rules and file for local registration, in a draft rules released on Friday meant to clarify proceedings in a market rocked by Beijing's crackdown on overseas listings.

The draft rules, which had been keenly awaited by investors and were posted by the China Securities Regulatory Commission on its website, extend the CSRC's oversight of offshore listings . . .

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