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

Chinese Vice Premier He Lifeng met with European Commissioner for Trade and Economic Security Maros Sefcovic on Friday in Beijing. The two sides exchanged views on bilateral economic and trade relations.

He, who is also a member of the Political Bureau of the Communist Party of China Central Committee, said China always attaches high importance to growing its economic and trade ties with the European Union (EU) and stands ready to work with the European side to fully implement the important consensus reached by leaders of the two sides.

He called on the two sides to give full play to the role of the China-EU trade and investment consultation mechanism, uphold the new positioning of China and the EU as each other's stable and balanced key trading partners, maintain ongoing dialogue, properly handle differences, and advance the sound and steady development of bilateral economic and trade relations.

Sefcovic stated that China is an important economic and trade partner of the EU. The EU is ready to continue advancing the trade and investment consultation, step up communication and jointly promote cooperation, he added.

Chinese vice premier meets European commissioner for trade, economic security