China to Require Companies to Seek Approval before IPOing Outside of China

China is planning to regulate domestic technology companies that want to list on foreign exchanges. Since 1994, China-based companies could locate their official headquarters in places like the Cayman Islands to circumvent the rule that required China-headquartered companies to list only in mainland China . Many China biopharmas took advantage of the rules, with several of them now listed in two or three countries to raise more funds. These foreign IPOs did not previously require China 's approval, but now they will. More details.... Share this with colleagues: // //