In an exclusive interview with CNBC, CSRC's international department director spoke about what new draft rules mean for Chinese companies wanting to list abroad.
Just days after Chinese ride-hailing app's roughly $4 billion U.S. IPO in late June, China's cybersecurity regulator ordered the company to suspend new user registrations and remove its app from app stores.
We noticed the slowdown of overseas listing since the second half of last year, and we hope that with these new rules, things will resume.plans to delist from the New York Stock Exchange and pursue a listing in Hong Kong,"We noticed the slowdown of overseas listing since the second half of last year, and we hope that with these new rules, things will resume," Shen said, declining to comment on specific companies.
When asked whether the new rules would eliminate the possibility of any IPO being suspended two days before an expected listing, Shen said: "One of the purposes of these rules is to avoid such a situation, [with] more communication and more clear rules."
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