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This book is the first of its kind to provide a comprehensive, contextualized and current account of China's development and regulation of cross-border listings. As the world's second largest economy, it is crucial to understand how China regulates the overseas listing of its companies and the opening-up of its capital market to foreign companies, particularly at a time of ongoing and escalating geopolitical tensions. Offering an up-to-date account of the subject, Robin Huang enables readers to gain a holistic and accurate understanding in this area. Providing a context-based and practical analysis of the subject from a Chinese perspective, he explains not only what the law is but why the law is the way that it is fundamentally. The book also examines the political, economic, and social factors shaping the institutional context in which the law operates, assisting readers in understanding the reasons behind past regulatory actions and predicting future regulatory developments.
List of contents
1. Introduction; 2. The evolution of overseas listings of Chinese companies and regulatory responses; 3. Why do Chinese companies seek overseas listings?: Revisiting the legal bonding theory; 4. Extraterritorial jurisdiction of China's new securities law; 5. China's national security review of Foreign investment; 6. The legality of the VIE Structure: a theory of strategic ambiguity; 7. Audit oversight issues concerning overseas-listed Chinese companies; 8. Regulating securities misconduct across borders: the mainland China-Hong Kong case; 9. China's recognition and enforcement of Foreign securities judgments; 10. The IPO and listing of Foreign companies in China; 11. Conclusion; Index.
About the author
Robin Hui Huang is Chair Professor at the Faculty of Law and Courtesy Joint Professor at the Finance Department of the Business School, Chinese University of Hong Kong. As a leading expert on Chinese corporate and financial law, he has held visiting or guest posts at prestigious institutions in China and overseas. He has also served as expert consultants to international organizations, Chinese courts, regulators of various jurisdictions and the private sector. He has won numerous awards for his scholarship, including the Humanities and Social Sciences Prestigious Fellowship from the HK Research Grants Council and the Outstanding Scientific Research Output Award from the Ministry of Education of the PRC.
