Capital Markets

Spin-offs of listed companies have clear guidance

Faced with a slowing economy and a bruising trade war, China's securities regulator under new leadership has sought to ease financing channels for companies by introducing innovative reforms to the domestic IPO system and opening up to increased foreign capital inflows

Chinese outbound M&A hits decade low; draft amendments to anti-monopoly law released; and Shanghai-London stock connect suspended over political tensions

Feng Wang of Jingtian & Gongcheng highlights the major asset restructuring rules of companies listed on the Shanghai Stock Exchange STAR Market including the requirements for reverse takeover in light of market-orientated reform.

Alibaba raises $13 billion in Hong Kong secondary listing; MSCI wants more hedging tools and easier settlement cycles before further stock inclusion; Trump signs Hong Kong democracy act in trade war setback

Shanghai-Hong Kong Stock Connect includes stocks with weighted voting rights

China shortens and simplifies market entry negative list; Chinese private firms prefer China over U.S. for IPOs, survey finds; Shanghai-Frankfurt stock connect to be launched; and inbound FDI increases with FTZs enjoying significant growth

Alibaba set for secondary listing in Hong Kong; China lifts four-year U.S. poultry ban; Australia approves Mengniu takeover of infant formula maker; and Jingye Group rescues British Steel from the brink

Alipay allows foreign visitors to use its mobile payments platform; CSRC scraps two-year profit requirement for ChiNext private placements; and MSCI completes plan to increase A share weighting in key benchmark

Foreign investors’ bond investments are facilitated