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Top related persons:
Alice Law - 1 Lyndon Chao - 1 ASIFMA - 1 Chao - 1 Neuberger Berman - 1 They've - 1 Law - 1 Samuel Shen - 1
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SHANGHAI HONG KONG China Beijing U.S
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Asia Securities Industry - 1 Financial Markets Association - 1 BlackRock - 1 Fidelity International - 1 Thomson - 1

Search resuls for: "Samuel Shen Selena Li"


2 mentions found


☆ China should allow cross-border data sharing, financial lobby group says
  + stars: | 2023-06-27 | by ( Samuel Shen Selena Li | Samuel Shen | Selena Li | ) www.reuters.com   time to read: +3 min
SHANGHAI/HONG KONG, June 27 (Reuters) - China should allow cross-border sharing of information by financial firms operating in the country, a leading financial lobby group said, as authorities tighten control of data generated within its borders in a national security drive. Last July, China unveiled cross-border data review measures that require a security review for "important" offshore data transfers - a move that triggered confusion and concern among foreign financial firms operating in the country. The financial sector lobby group said cross-border transfer of data such as investment outlooks, portfolio analysis, shareholding information and anti-money laundering information should be allowed. However, ASIFMA said the data security rules have made operating in China "very painful" for some of its members. One major complaint from firms operating in China is that Chinese data rules are ambiguous, the lobby group said.
Persons: Alice Law, Lyndon Chao, ASIFMA, Chao, Neuberger Berman, They've, Law, Samuel Shen, Selena Li, Sumeet Chatterjee, Sonali Paul Organizations: Asia Securities Industry, Financial Markets Association, BlackRock, Fidelity International, Thomson Locations: SHANGHAI, HONG KONG, China, Beijing, U.S
☆ China's new rules for offshore listings spark concern about lengthy approval process
  + stars: | 2023-02-20 | by ( Scott Murdoch Samuel Shen Selena Li | Scott Murdoch | Samuel Shen | ) www.reuters.com   time to read: +4 min
SYDNEY/HONG KONG, Feb 20 (Reuters) - New rules laying out how Chinese companies can list outside mainland China will often mean getting a nod from several domestic government agencies, potentially making for a lengthy approval process, investment bankers say. On one hand, the rules provide clarity after a regulatory crackdown by Beijing since mid-2021 that has slowed U.S. listings by Chinese firms to a trickle. Those hoops, combined with U.S.-Sino tensions over a multitude of issues from suspected spy balloons to trade friction, means a rush of Chinese firms seeking initial public offerings in New York is unlikely. Last year, U.S. listings of Chinese firms were worth less than $230 million, according to Refinitiv data, a massive drop from $12.9 billion in 2021. "I don't think an overseas listing for the start-up would get the Chinese regulatory nod due to data security.
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