New rules are coming for Chinese companies seeking to list abroad. Chinese policymakers are trying pretty hard to assure markets that Chinese companies will still be allowed to IPO overseas - but they will need to follow new rules in doing so. 1/14 http://finance.people.com.cn/n1/2021/0801/c1004-32177030.html …
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"In recent years, China's capital markets have been opening up steadily... and overseas listing is an important part of two-way opening up... ." 12/14
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"In the future, the global economic and financial situation will face greater uncertainty, but China will further open its door, and share development opportunities with other countries. ... The level of openness in China's capital markets will surely increase steadily." 13/14
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Too long, didn't read: "Everyone chill out, you can still have your foreign cash and choose where you IPO, but you'll need to follow a procedural checklist... just as soon as we make one. Also, coordination between countries, plz." 14/14
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