Morrison & Foerster

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CSRC scraps quantitative thresholds for offshore listings by PRC companies

China Securities Regulatory Commission, the securities regulator of the People’s Republic China, has scrapped quantitative threshold requirements for Chinese companies applying for offshore listings by promulgating new guidelines on 20 December 2012. The 2012 Guidelines became effective as of January 1, 2013. Under Chinese securities laws, CSRC is the authorized regulatory authority to approve all offshore listings by PRC incorporated companies.

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