China Seeks More Communication With U.S. on Overseas IPOs
- SEC requires additional risk disclosures for Chinese issuers
- China, U.S. regulators are boosting oversight of Chinese IPOs
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China’s securities regulator called for talks with its American counterpart after the U.S. Securities and Exchange Commission increased disclosure requirements for initial public offerings of Chinese companies amid nearly a $1 trillion share selloff last week.
The China Securities Regulatory Commission is seeking to step up communication with the SEC to find a suitable resolution, it said in a statement Sunday, after the U.S. regulator said it would require Chinese companies seeking listings to improve risk disclosures. The Chinese watchdog called for mutual respect and collaboration on the issue.