The China Securities Regulatory Commission convened a full meeting of the cross-department coordination mechanism for overseas listing filing management to review its operation two years after the trial regime for domestic companies’ overseas securities issuance and listing took effect, assess the current environment for overseas listings, and set priorities for improving the mechanism. The meeting, chaired by CSRC Vice Chairman Li Ming, brought together member agencies including the Central Propaganda Department, the Cyberspace Administration of China, the National Development and Reform Commission, the Ministry of Education, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Commerce, the People’s Bank of China, the National Financial Regulatory Administration, the National Radio and Television Administration and the State Administration of Foreign Exchange, with the Hong Kong and Macao Affairs Office invited to participate. The mechanism was reported to have delivered progress over the past two years, including more complete rules, higher coordination efficiency and effective risk prevention, supporting firms’ compliant use of domestic and international markets. Next steps include strengthening evaluation of the mechanism’s operating experience, improving institutional arrangements and workflows, and further enhancing policy alignment, supervisory coordination and information sharing across departments to provide a more transparent, efficient and predictable regulatory environment for overseas listings. The CSRC also flagged continued implementation of the capital market “benefit Hong Kong five measures” to support Hong Kong’s role as an international financial centre.
China Securities Regulatory Commission 2025-03-31
China Securities Regulatory Commission plans to optimise cross-agency coordination for overseas listing filing management
The China Securities Regulatory Commission (CSRC) reviewed the cross-department coordination mechanism for overseas listing filing management, two years after its trial began. Chaired by CSRC Vice Chairman Li Ming, the meeting highlighted progress in rule completeness, coordination efficiency, and risk prevention. Future priorities include enhancing policy alignment, supervisory coordination, and information sharing to improve the regulatory environment for overseas listings, while supporting Hong Kong's role as an international financial centre.