Latest news with #YanBojin
Time of India
22-05-2025
- Business
- Time of India
China plans regulation to aid tech firms listing overseas
China will provide a more efficient, transparent and predictable regulatory environment to support technology firms listing overseas, chief risk officer at the China Securities Regulatory Commission (CSRC) Yan Bojin said at a news briefing on Thursday. The regulator will further strengthen the security of funds raised by listed companies to ensure their allocation towards the main business rather than other purposes, Yan said. China has accelerated efforts towards technology self-sufficiency as Washington steps up curbs against Chinese tech advancement, at a time of rising geopolitical tensions between China and the US. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 모공각화증, 집에서 이렇게 관리해요 현명한소비자 Undo The regulator will make greater efforts to support high-quality, unprofitable technology firms going public, said Yan. The CSRC will also deepen reforms on Shanghai's tech-focused STAR market and Shenzhen's ChiNext board, and will encourage high quality red-chip firms from the technology sector to list their shares domestically. Live Events Firms with mainland Chinese ownership ties that are listed on the Hong Kong Stock Exchange are colloquially known as red chips. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
RTHK
22-05-2025
- Business
- RTHK
Beijing clears way for tech firms to list overseas
Beijing clears way for tech firms to list overseas Yan Bojin, chief risk officer at Chinese Securities Regulatory Commission, says authorities will provide support to aid tech firms in listing overseas. Photo: RTHK Vice Minister of Science and Technology Qiu Yong says pilot technology finance programmes shall be prioritised in key regions, including the Greater Bay Area. Photo: RTHK People's Bank of China deputy governor Zhu Hexin says that over 100 institutions have issued 'sci-tech innovation bonds' amounting to over 250 billion yuan. Photo: RTHK Mainland authorities said on Thursday the country will provide a more transparent, efficient and predictable regulatory environment, along with funding support, to aid technology firms in listing overseas. This came as China's technology, banking, finance and regulatory authorities rolled out a slate of measures and programmes, as well as credit support for technology firms, to drive domestic innovation. Speaking at a press briefing in Beijing, Yan Bojin, chief risk officer at China Securities Regulatory Commission (CSRC), said 242 enterprises have completed their filings for listings overseas over the past two years since new regulations governing them have been implemented. "Among the firms, 83 are technology enterprises, mainly concentrated in fields such as information technology, biomedicine, new energy and advanced manufacturing," he said. "The CSRC will work with relevant departments to continue supporting eligible technology enterprises to develop in an orderly manner through domestic and overseas capital markets. "We will also provide a more transparent, efficient and predictable regulatory environment to support such technology enterprises to go public overseas." The regulator also noted that the country will further strengthen the security of funds raised by listed companies to ensure their allocation towards the main business rather than other purposes. Vice Minister of Science and Technology Qiu Yong noted that authorities will also continue to deepen reforms in the tech-heavy Nasdaq-style STAR Market in Shanghai, as well as the ChiNext board in Shenzhen, to encourage the so-called red-chip technology firms to return to domestic markets. A "national venture capital guidance fund", which Qiu said will be an investment vehicle with public-private partnership, will be set up to focus on "hard technology". Qiu also stressed that pilot technology finance programmes shall be prioritised in key regions, including Beijing, Shanghai the Greater Bay Area, as well as the innovation centres of Chengdu-Chongqing, Wuhan and Xi'an. "These regions should take the lead in breaking through and solving the key and difficult problems in science and technology finance, especially conducting pioneering trials in the areas of marketisation and rule of law, and exploring innovative policies related to science and technology finance," Qiu said.
Reuters
22-05-2025
- Business
- Reuters
China plans regulation to aid tech firms listing overseas, official says
BEIJING, May 22 (Reuters) - China will provide a more efficient, transparent and predictable regulatory environment to support technology firms listing overseas, Chief Risk Officer at the China Securities Regulatory Commission (CSRC) Yan Bojin said at a news briefing on Thursday. The regulator will further strengthen the security of funds raised by listed companies to ensure their allocation towards the main business rather than other purposes, Yan said. China has accelerated efforts towards technology self-sufficiency as Washington steps up curbs against Chinese tech advancement, at a time of rising geopolitical tensions between China and the U.S. The regulator will make greater efforts to support high-quality, unprofitable technology firms going public, said Yan. The CSRC will also deepen reforms on Shanghai's tech-focused STAR market and Shenzhen's ChiNext board, and will encourage high quality red-chip firms from the technology sector to list their shares domestically. Firms with mainland Chinese ownership ties that are listed on the Hong Kong Stock Exchange are colloquially known as red chips.
Yahoo
22-05-2025
- Business
- Yahoo
China plans regulation to aid tech firms listing overseas, official says
BEIJING (Reuters) -China will provide a more efficient, transparent and predictable regulatory environment to support technology firms listing overseas, Chief Risk Officer at the China Securities Regulatory Commission (CSRC) Yan Bojin said at a news briefing on Thursday. The regulator will further strengthen the security of funds raised by listed companies to ensure their allocation towards the main business rather than other purposes, Yan said. China has accelerated efforts towards technology self-sufficiency as Washington steps up curbs against Chinese tech advancement, at a time of rising geopolitical tensions between China and the U.S. The regulator will make greater efforts to support high-quality, unprofitable technology firms going public, said Yan. The CSRC will also deepen reforms on Shanghai's tech-focused STAR market and Shenzhen's ChiNext board, and will encourage high quality red-chip firms from the technology sector to list their shares domestically. Firms with mainland Chinese ownership ties that are listed on the Hong Kong Stock Exchange are colloquially known as red chips. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
China plans regulation to aid tech firms listing overseas, official says
BEIJING (Reuters) -China will provide a more efficient, transparent and predictable regulatory environment to support technology firms listing overseas, Chief Risk Officer at the China Securities Regulatory Commission (CSRC) Yan Bojin said at a news briefing on Thursday. The regulator will further strengthen the security of funds raised by listed companies to ensure their allocation towards the main business rather than other purposes, Yan said. China has accelerated efforts towards technology self-sufficiency as Washington steps up curbs against Chinese tech advancement, at a time of rising geopolitical tensions between China and the U.S. The regulator will make greater efforts to support high-quality, unprofitable technology firms going public, said Yan. The CSRC will also deepen reforms on Shanghai's tech-focused STAR market and Shenzhen's ChiNext board, and will encourage high quality red-chip firms from the technology sector to list their shares domestically. Firms with mainland Chinese ownership ties that are listed on the Hong Kong Stock Exchange are colloquially known as red chips.
