In the News: WeRide Prepares for US IPO; State Secrets Law Update; and China Amends Regulations for QFII

WeRide IPO shows another green light for overseas listing of Chinese companies; China imposes new regulations for local authorities to better implement its state secrets law overhaul; and two Chinese state departments release new rules for QFII to stimulate foreign securities investment.

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Wall Street in the Financial District of Lower Manhattan in New York City. Credit: Tada Images/Adobe Stock

WeRide and Other Chinese Self-Driving Companies Expanding Into the US

Chinese self-driving startup company WeRideconfidentially filed for an initial public offering in the U.S. on February 23 last year, as the