China’s securities watchdog has put out new pricing regulations for overseas listed Chinese companies de-listed from other markets.
China Securities Regulatory Commission said pricing should not exceed estimated profit by 20 times and emphasized related policies for these companies remain unchanged.
“We are pushing forward researches on the impact of overseas listed red chip companies wanting to list on the A-shares through IPOs, mergers and acquisitions. Until the work is done, the CSRC will not change related policies,” said Deng Ge, spokesman, China Securities Regulatory Commission.