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How Chinese clampdown will target offshore listings

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Reuters

By Scott Murdoch and Kane Wu HONG KONG (Reuters) -China’s securities regulator is setting up a team to review plans by Chinese companies for initial public offerings (IPOs) abroad, sources with knowledge of the matter said, including those using a corporate structure which Beijing says has led to abuse. Chinese companies looking to list offshore will also need approval from the relevant ministry, the sources told Reuters, in a break from a decades-old arrangement that did not require them to seek a formal go-ahead from any authorities in China. The China Securities Regulatory Commission’s (CSR…

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