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Title: The Coordinated Efforts of Regulating Overseas Listed Chinese Companies: A historical perspective and recent developments
Other Titles: The Coordinated Efforts of Regulating Overseas Listed Chinese Companies: the story thus far
Authors: Huang, Flora
Liu, Xinmin
Yeung, Horace
First Published: 4-Jul-2017
Publisher: Taylor & Francis (Routledge)
Citation: Journal of Corporate Law Studies, 2017
Abstract: Prestigious financial centres have attracted a number of Chinese companies which are seeking liquidity and at the same time international exposure (e.g. the recording breaking IPO of Alibaba in the US). This article seeks to explore how the regulatory cooperation of securities commissions can be a solution to the concerns arising from the regulation of these companies. One notable example is, the regulators in Hong Kong and China have indeed worked very closely together to devise a comprehensive regulatory framework for the Chinese companies listed on the Hong Kong Stock Exchange. However, with more and more Chinese companies listed on other prestigious exchanges, concerns are not only restricted to the Hong Kong market now, but also for the exchanges which are keen to attract Chinese issuers. The recent Securities and Exchange Commission action to compel five leading accounting firms to produce audit paperwork in relation to some Chinese companies, together with the exodus of Chinese companies from AIM of the London Stock Exchange, have generated much attention. This article will examine various bases of regulatory cooperation, together with some actual examples of cross-border enforcement action so as to underline the successes and challenges of regulating overseas listed Chinese companies.
DOI Link: 10.1080/14735970.2017.1320023
ISSN: 1473-5970
eISSN: 1757-8426
Embargo on file until: 4-Jan-2019
Version: Post-print
Status: Peer-reviewed
Type: Journal Article
Rights: Copyright © 2017, Taylor & Francis (Routledge). Deposited with reference to the publisher’s archiving policy available on the SHERPA/RoMEO website.
Description: The file associated with this record is embargoed until 18 months after the date of publication. The final published version may be available through the links above.
Appears in Collections:Published Articles, School of Law

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