https://www.cnbc.com/2023/02/20/china-formalizes-rules-for-overseas-ipos.html"*The China Securities Regulatory Commission announced late Friday new rules that require domestic companies to comply with national security measures and personal data protection law before going public overseas.
*The CSRC said its rules for overseas listings are set to take effect March 31.
*The rules do not ban the variable interest entity structure commonly used by Chinese companies when listing in the U.S.
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NOTE. On the other hand, the US rules for Chinese VIEs/ADRs listed in the US are for public access to financials and audits by the US PCAOB. There has been some recent progress in this area under the US threat for delisting within 3 years.
