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On 24 February 2023, the China Securities Regulatory Commission (CSRC) adopted the "Provisions on Strengthening Confidentiality and Archives Administration of Overseas Securities Offering and Listing by Domestic Companies", which aim to change how Chinese companies making overseas listings deal with confidential information. The Provisions contain the rules that companies must follow if their overseas listing requires the disclosure of state secrets or information jeopardising national security or public interest. Where overseas authorities conduct inspections of a domestic company, the Provisions provide that such inspections will be enabled by a "cross-border regulatory cooperation mechanism". The Provisions will be implemented on 31 March 2023.
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