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China Regulator Denies It Will Ban VIEs From Listing Abroad

China’s securities regulator on Wednesday denied a media report that it will ban variable interest entities (VIEs) from listing overseas


China
The chairman of the China Securities Regulatory Commission (CSRC) Yi Huiman attends the Lujiazui financial forum in Shanghai, in this Reuters image from June 2019.

 

China’s securities regulator on Wednesday denied a media report that China will ban variable interest entities (VIEs) from listing overseas.

The statement by the China Securities Regulatory Commission comes after it was reported that the country is planning to ban companies from going public on foreign stock markets through VIEs, closing a loophole used by the country’s tech industry to raise capital from overseas investors.

 

• Reuters

 

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China Securities Regulator Seen Reviewing Firms Planning to List Abroad

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.