The Evolution of Overseas Listings of Chinese Companies and Regulatory Responses

Chapter 2 traces the evolution of the overseas listing of Chinese companies and its regulatory regime. It defines the main modes of overseas listings of Chinese companies, divides the historical development of the overseas-listing market into several stages and discusses how China has gradually established its regulatory regime in this area. It then focuses on the current regime, particularly the uniform filing regime introduced in 2023, including the key elements and their implementation issues. It also conducts an evaluation of the new regime and makes relevant comments.