US sets new disclosure rules for Chinese IPOs coming to American stock markets

Source: China – South China Morning PostUS securities regulators plan to require additional information from Chinese companies seeking to go public on American exchanges, saying the move will protect domestic investors.The Securities and Exchange Commission said on Friday that Chinese firms would have to disclose the listing of shares through a structure called Variable Interest Entities, or VIEs, a shell company that is outside China.Such an arrangement has in recent years allowed Chinese companies to bypass Beijing’s restrictions…Read More

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