In the News: First CSRC Fining for Unauthorized US Listing; US and China Supply Chain Wrestling; and China Opens Government Bond Futures to Foreign Investors

China’s securities regulator fines unauthorized overseas listing and approves a new U.S.-bound IPO. | U.S. is considering a cap on Chinese-origin material as low as 10% while China is putting up counter supply chain measures. | QFIIs may now trade yuan bond futures strictly for hedging purposes.

By Jeffrey Tse

In the News: First CSRC Fining for Unauthorized US Listing; US and China Supply Chain Wrestling; and China Opens Government Bond Futures to Foreign Investors

Chinese Companies Must Not Evade Filing Before Listing in the US

On April 24, the China Securities Regulatory Commission (CSRC) fined Zhong Guo Liang Tou Group Limited RMB 3 million after it proceeded with a Nasdaq listing via a De-SPAC merger without completing the required filing process.

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