Morrison & Foerster partner and global chair of the Private Equity Group Marcia Ellis is quoted in an article, “China IPOs: Offshore angst,” published by AVCJ on January 26, 2022.
According to Marcia, the China Securities Regulatory Commission’s draft offshore listing rules hint at a requirement for complete compliance. This would remove the distinction between Hong Kong and the US – and essentially make it challenging for unconventional or less well understood Chinese companies to list. “If you are in a disruptive sector, doing something that hasn’t been done before and the regulatory framework is non-existent,” Marcia said. “For that type of business, it would be hard to list anywhere,” she added.