Chinese securities regulator CSRC to maintain smooth channel for Chinese firms’ overseas listings – vice chairman

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The China Securities Regulatory Commission (CSRC) will continue to promote cooperation between the capital markets of mainland China and Hong Kong, maintain a smooth channel for Chinese companies to pursue overseas listings in a bid to pave way for medium- to long-term foreign capital to enter the market, said Li Chao, vice chairman of the CSRC.

The CSRC will introduce more representative “green light” cases, and include more products such as block trades and REITs into the Stock Connect, said Li.

As of the end of July, the Shanghai/Shenzhen-Hong Kong Stock Connect had brought trillions of additional capitals to the mainland and Hong Kong markets and played an important positive role in attracting and facilitating inflows of long-term overseas capitals and improve the markets’ liquidity, he said.