三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 国产成+人+亚洲+欧美+日韩 | 成年人网站在线观看免费 | 国产免费一区二区 | 伊甸园精品视频网站 | 成人精品一区二区www | 中文字幕在线观看一区二区三区 | 色婷婷狠狠 | 国产麻豆视频网站 | 国产精品黄网站免费观看 | 亚洲精品视频在线免费 | 国产日韩亚洲欧洲一区二区三区 | 国产欧美成人一区二区三区 | 三级精品视频在线播放 | 亚洲精品一区二区观看 | 特黄特色的视频免费播放 | 亚洲精品国产成人 | 啪视频在线观看高清 | japanese护士日本xx丝袜 | 2022年国产精品久久久久 | 精品午夜久久影视 | 天堂激情网 | 国产美女视频国产视视频 | 97青青青国产在线播放 | 精品免费久久久久久久 | 欧美三级在线观看黄 | 日韩一区二区三区免费体验 | 国产男女性做爽歪歪爱视频 | 久久精品国产清自在天天线 | 欧美国产中文 | 久久er国产精品免费观看1 | 国产精品亚洲综合一区在线观看 | 国产精品毛片无码 | 99成人在线 | 欧美亚洲综合在线 | 在线观看视频黄 | 国产一级高清免费观看 | a级毛片在线免费 | 精品一区二区三区高清免费观看 | 欧美日韩永久久一区二区三区 | 国产成人精品美女在线 | 久久日本经典片免费看 |