China's securities regulator to speed up filings for companies listing overseas

China's securities regulator will speed up the filing process for Chinese companies seeking overseas listings, said an official on Wednesday at the two-day 2024 Lujiazui Forum, a major financial gathering in Shanghai.

Last year, the China Securities Regulatory Commission (CSRC) issued new regulations on overseas listings. As of June 18 this year, the commission has completed the filings for overseas listings for a total of 158 companies, said Fang Xinghai, vice chairman of the CSRC.

Among the listings, 85 companies have listed in the Hong Kong Special Administrative Region (SAR), and 73 have listed in the United States.

"Regarding overseas listings, the attitude of the China Securities Regulatory Commission is that we need to accelerate the filing process. Our current speed is faster than before, but overseas listing filings are still a relatively new phenomenon. Our speed is not yet sufficient, and we need to continue accelerating the filing process because there are still many companies in line. This is a positive sign, indicating that China has a large number of highly active enterprises. They all want to enhance their own scale and strength, and this is something we should strongly support," said Fang.

The Lujiazui Forum was created in 2008 as a high-level global platform for government officials, world financial leaders and outstanding scholars to discuss and foster international financial cooperation and further financial reform and market opening in China. Named after Lujiazui -- the financial district in China's finance capital of Shanghai, the forum also symbolizes the city's vision of becoming a leading international financial center.

China's securities regulator to speed up filings for companies listing overseas

The eastern corridor of the China-Europe Freight Train service has seen more than 3,000 trips on it so far this year, marking a major milestone in cross-border rail transport.

A return train carrying cooking oil, automobile tires and aluminum ingots on Saturday entered China through the Manzhouli port, the country's largest inland port, bound for Wuhan in central China.

The corridor, comprising the Manzhouli, Suifenhe and Tongjiang North railway ports, now operates 27 stable routes linking more than 60 Chinese cities with 14 European countries including Poland, Germany and The Netherlands.

From January to April, the eastern corridor accounted for 32.1 percent of China's total China-Europe Freight Train traffic, with return trips making up 41.1 percent of the national total.

The China-Europe Freight Train service began operations in 2011 and has grown rapidly since the implementation of the Belt and Road Initiative. As of Feb 26, the eastern corridor had already witnessed more than 1,000 train trips on its railway lines for the current year, breaking the mark 26 days earlier than the figure for the previous year.

Eastern corridor of China-Europe Freight Train service witnesses over 3,000 trips in 2026