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CSRC wants more firms to list locally

The China Securities Regulatory Commission is making efforts to encourage mainland firms to list on local markets if they also plan to list overseas, according to a South China Morning Post report. Analysts said that the move was in response to many mainland companies spinning off their most valuable assets for overseas listings avoiding mainland markets. They said that part of the reason for this is that firms seek the higher standards of corporate governance present in the international markets. Analysts also said that mainland listing requirements, which are in many ways stricter than those overseas, also deter company from listing locally.

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