China Securities Regulatory Commission: Support companies to list overseas in accordance with laws and regulations

Legal analysis:

1. Qualified foreign natural person investors are allowed to invest in domestic listed companies in accordance with the law.

2. In accordance with the relevant regulations on listed companies, foreign investors are allowed to invest in companies listed on the National Equities Exchange and Quotations.

3. Actively support qualified domestic and foreign-funded enterprises whose registration places and main production places are in border economic cooperation zones and cross-border economic cooperation zones to apply for initial public offerings and listings.

4. Relax restrictions on the establishment of foreign-funded financial institutions, expand the business scope of foreign-funded financial institutions in China, and broaden the areas of cooperation in the Chinese and foreign financial markets.

5. Revise and improve the relevant regulations on Qualified Foreign Institutional Investors (QFII) and RMB Qualified Foreign Institutional Investors (RQFII), and establish and improve a qualified foreign investor system that is open and transparent, easy to operate, and has controllable risks. Attract more overseas long-term funds to invest in the domestic capital market.

6. Foreign-invested enterprises in the western region and the old industrial bases in the Northeast are allowed to issue RMB or foreign currency bonds overseas, and can repatriate the raised funds in full for investment and operations in the provinces where they are located.

7. Encourage local governments to coordinate relevant central subsidy funds and their own financial resources to support the construction of border economic cooperation zones, cross-border economic cooperation zones, and border tourism pilot zones.

8. Some futures varieties are introduced to overseas traders. Vigorously promote the construction of crude oil futures market and actively promote the introduction of iron ore and other futures products to overseas traders to participate in transactions.

9. Deepen the reform of overseas listing supervision. Support qualified domestic enterprises to list overseas, and steadily and orderly promote the listing and circulation of unlisted shares of overseas listed companies in overseas markets.

10. Improve the convenience of capital utilization by foreign-invested enterprises. Further simplify the management of capital pools, allow banks to review authentic and legal electronic documents, and handle centralized foreign exchange collection and payment, and net settlement business for enterprises. Relax the registration conditions for enterprises to carry out pilot projects for the centralized operation and management of foreign exchange funds of multinational companies. Support multinational enterprise groups in handling cross-border two-way RMB capital pool business.

Legal basis:

"Standardization Law of the People's Republic of China" Article 2 The standards (including standard samples) mentioned in this law refer to agriculture, industry, and service industries As well as social undertakings and other fields, unified technical requirements are needed.

Standards include national standards, industry standards, local standards, group standards, and enterprise standards. National standards are divided into mandatory standards and recommended standards, while industry standards and local standards are recommended standards.

Mandatory standards must be implemented. The state encourages the adoption of recommended standards.