China’s securities regulator said on Sunday that companies are free to choose on which stock exchanges they list, and that some firms are in communication with US exchanges about future listings.
The China Securities Regulatory Commission and other Chinese regulatory authorities are “open to and fully respect Chinese companies’ independent choices of overseas listing venues in compliance with relevant laws and regulations,” it said in a statement on its website. “Recently, some overseas media reported that Chinese regulators will ban overseas listing of companies with VIE structure and demand Chinese companies to delist from U.S. stock exchanges, which is a complete misunderstanding and misinterpretation.”
It said policy measures introduced in recent months are to tighten controls over technology and online companies are aimed at limiting monopolies, protecting small and medium-zie companies, safeguarding data and personal information security, and preventing the disorderly expansion of capital.
“Policy initiatives of the Chinese government are not targeted at specific industries or private companies, nor are they necessarily connected to overseas listing of Chinese companies,” it said.
- By Kevin Hamlin
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