
Chinese securities regulators have instructed major investment banks to expedite the offshore listings of Chinese companies, according to sources. This initiative aims to enhance fundraising efforts overseas and stimulate the country's economy, which is the second largest in the world. The move follows a strategic shift in China's approach to offshore fundraising, which was previously framed by new rules established in March 2023. The regulators' request signals a potential increase in listings in Hong Kong, as some Chinese firms are expected to reconsider fundraising in the United States. This development comes as foreign banks express growing optimism about the Chinese market, following incremental policy changes aimed at revitalizing economic growth since late September.

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Foreign banks are becoming increasingly bullish concerning the Chinese market, as economists and experts believe incremental policies implemented by Chinese authorities since late September and other earlier policies aimed at vitalizing growth momentum have profound and… https://t.co/P3TrfoeN6I
China regulators tell banks to expedite offshore company listings, The closed-door meetings and their details, which have not been reported previously, mark a strategic change for China after it framed rules for offshore fundraisings in March 2023. https://t.co/xHRL47MS5y