China: Adopted Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies

On 17 February 2023, the China Securities Regulatory Commission (CSRC) adopted the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies. The Measures establish a filing system for overseas listing, the legal liabilities for failures to fulfil obligations and fraudulent listing, and set out the scope and application of the filing requirement. Additionally, overseas listings must comply with other regulations, including cybersecurity and data security, to ensure national security and undergo national security review where necessary.