久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Eyeing home and looking beyond quick fixes

By SHI JING | CHINA DAILY | Updated: 2022-05-09 09:13
Share
Share - WeChat
A visitor passes by the exhibition area of Bilibili at an expo in Shanghai on Aug 1. The video platform has been added to a list of firms facing possible delisting in the US. CHEN YUYU/FOR CHINA DAILY

China and the US should, therefore, roll out a road map under which comprehensive cooperation in cross-border supervision over securities trading can be made possible, he said.

The first step China should take is to sign the Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information, which was released by the International Organization of Securities Commissions in 2017 to offer securities regulators worldwide new enforcement powers for cross-border cooperation.

Supervision over auditing should kick in for the next phase of China-US cooperation. The Chinese regulators can assist in providing audit working papers, conduct joint inspections into audit firms' programs, or jointly look into the overall service quality of audit firms.

By taking such smaller steps, the bilateral audit supervision agreement may be reached, upon which an overall cross-border securities cooperative agreement for the long term can be built, he said.

Until that becomes reality, US-listed Chinese companies have no other alternative but to look for short-term solutions as the time is ticking for them on the US bourses.

Such companies will consider going private, returning to the A-share market or listing in Hong Kong.

Going private may be least welcome to listed companies as it indicates they will have to give up the financial market in general. Morning Whistle Group, a Shanghai-based industrial investment services provider, estimated that 48 relatively smaller US-listed Chinese companies may opt to go private.

As categorized by CITIC Securities analysts, companies having major information security risks will return to the A-share market or the Hong Kong stock market at a faster pace, including those related to national defense, military and energy. Companies possessing public data, covering sectors like finance, logistics, ride-hailing, biology and medicine, will also find a quicker way back.

One possible choice is to list part of the company's business or assets on the A-share market, which is allowed according to the Shanghai and Shenzhen exchanges' regulations.

Or, these companies can seek a complete return to the A-share market. It has been made possible by the adoption of the registration-based IPO mechanism in July 2019, as requirements on shareholding structure, profitability or sales revenue have been largely relaxed.

With the registration-based IPO mechanism, returning companies do not have to change their "red-chip" shareholding structure-it helps them to hold or control onshore assets either directly or indirectly through the use of offshore special purpose vehicles incorporated outside the Chinese mainland-to make an IPO or issue depositary receipts on the A-share market. They need to obtain approvals from the CSRC and other government departments such as the National Development and Reform Commission and the Ministry of Commerce.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 天天五月天丁香婷婷深爱综合 | 久久综合网址 | 波多野结衣一区在线观看 | 国产一级强片在线观看 | 综合 91在线精品 | 日本在线网 | 国产成人精品视频频 | 精品亚洲视频在线 | 精品视频一二三区 | 国产va免费精品高清在线观看 | 毛片毛片毛是个毛毛片 | 在线视频精品一区 | 久久久毛片免费全部播放 | 国产高清精品一区 | 国产三级做爰在线观看 | 538在线视频二三区视视频 | 免费的特黄特色大片在线观看 | 亚洲性无码av在线 | 久久在线免费观看视频 | 色黄在线 | 女人张开腿让男人桶免费最新 | 亚洲视频二 | 国产亚洲欧美在线视频 | 欧美成人免费一区在线播放 | 国产精品欧美亚洲韩国日本 | 99国产小视频 | 欧美色欧美亚洲高清在线视频 | 成年免费a级毛片 | 超91在线 | 台湾三级毛片 | rion美乳弹出来四虎在线观看 | 特黄特黄aaaa级毛片免费看 | 视频国产91 | 99精品一区二区免费视频 | 免费一区在线观看 | 综合国产 | 成人黄激情免费视频 | 日韩一区二区在线免费观看 | 久久久久女人精品毛片九一 | 欧美日韩国产亚洲一区二区三区 | 香蕉视频1024 |