1. A spokesman for the CSRC said that recently, Individual media reported that Chinese regulators would prohibit agreement control (VIE) structuring enterprises to list overseas and promoting the delisting of Chinese enterprises listed in the United States is a complete misunderstanding. In today’s highly globalized capital market, it is more necessary for regulatory authorities to deal with audit and regulatory cooperation in a pragmatic, rational and professional manner. Forcing Chinese enterprises listed in the United States to delist should not be a responsible policy option. The CSRC will continue to cooperate with the United States China’s regulatory counterparts should maintain frank communication and strive to solve the remaining problems in audit and regulatory cooperation as soon as possible.
2. Fang Xinghai pointed out that we should support futures companies to expand financing channels and carry out cross-border operations, and encourage qualified head futures companies to go public for financing. The futures market should not simply pursue trading volume. We should promote the innovation of futures varieties such as carbon emission rights and new energy metals, and gradually realize “bringing in at the trading end and going out at the delivery end”.
3. Allianz China A-share fund, the largest overseas Chinese equity fund, announced the latest position: in October, it reduced its holdings of the top ten heavy positions; The reduction of Contemporary Amperex Technology Co.Limited(300750) and Yunnan Energy New Material Co.Ltd(002812) reached 18.58% and 11.92% respectively.
