Morning brief 27/12/2021

- China has just released a draft new regulation to tighten the issuance of shares by companies on foreign stock exchanges to avoid national security risks. Accordingly, all Chinese companies that want to IPO and sell more shares abroad must register with CRSC. Under the proposal, companies would be barred from selling shares if listing abroad posed a threat to national security. Companies whose activities raise cybersecurity concerns will also be subject to a security review before selling shares.