China Tightens Scrutiny of Offshore Listings in Certain Sectors

China Tightens Scrutiny of Offshore Listings in Certain Sectors
This photo illustration shows Chinese 100 yuan notes in Beijing on Jan. 14, 2020. Nicolas Asfouri/AFP via Getty Images
Reuters
Updated:

SHANGHAI—The Chinese regime will require that domestic firms in sectors off-limits to foreign direct investment, such as Internet news and publishing, receive clearances from regulators before they can list their shares outside the mainland.

The National Development and Reform Commission (NDRC) announced the new rules on the clearances on Monday in a statement that also included an updated annual “Foreign Investment Negative List” that outlines business sectors where foreign direct investment is banned or restricted.