AsianFin -- China plans to create a more efficient, transparent, and predictable regulatory framework to support technology companies seeking overseas listings, a senior official said Thursday.
Speaking at a news briefing, Yan Bojin, Chief Risk Officer at the China Securities Regulatory Commission (CSRC), said the agency aims to streamline processes for offshore IPOs while ensuring better oversight of capital usage.
The CSRC will tighten safeguards to ensure that funds raised by listed firms are directed toward their core business operations, rather than diverted for unrelated purposes, Yan added.
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