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Q：
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What materials are required for domestic enterprises to apply for the registration of overseas listing?
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A：
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For domestic enterprises to list their shares overseas, they should, starting from the first trading day of the overseas listing or within 30 working days after the completion of the over-allotment, submit the following materials to a bank within the provincial or plan-designated city region where they are registered to apply for the registration of overseas listing:
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A written application, along with the "Registration Form for Overseas Listing";
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The relevant filing materials from the China Securities Regulatory Commission regarding the overseas listing of domestic enterprises (except for those that do not need to be filed in advance as required by the China Securities Regulatory Commission);
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The announcement documents of the overseas issuance or the completion of the over-allotment.
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Q：
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For the foreign exchange transactions related to the listing of domestic enterprises on foreign stock markets, through which account should they be handled?
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A：
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The foreign exchange transactions for the overseas listing of domestic enterprises (excluding banks) should be handled through the capital account - settlement account, or a domestic RMB bank settlement account. If domestic enterprises need to open a capital account - settlement account for the overseas listing business, they should do so based on the registration certificate for the overseas listing business.
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Q：
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Does the funds raised from domestic enterprises' overseas listings need to be repatriated to the domestic market?
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A：
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The funds raised by domestic enterprises through overseas listings should, in principle, be promptly repatriated to the domestic market. If they are retained overseas for conducting overseas direct investment, overseas securities investment, overseas lending and other businesses, approval or filing documents from the relevant business authorities should be obtained before the completion of overseas listing or the fulfillment of over-allotment, and they should comply with relevant cross-border fund management regulations.
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Q：
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How should the funds raised from domestic enterprises' overseas listings be stored and utilized?
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A：
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If the funds raised from the overseas listing of domestic enterprises are repatriated in foreign currencies, they should be remitted back to the capital account - settlement account for storage and use, and can be freely converted into RMB. If repatriated in RMB, they can be remitted back to the capital account - settlement account or the domestic RMB bank settlement account for storage and use.
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Q：
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If domestic enterprises need to remit the expenses related to their overseas listings from within the country, they should present the following materials to the local bank to apply for the process?
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A：
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Domestic enterprises that pay reasonable fees related to their overseas listings to overseas regulatory authorities, exchanges, underwriting institutions, law firms, accounting firms, etc., should, in principle, have these expenses deducted from the funds raised from the overseas listing. If it is necessary to remit funds from the domestic side, the following materials should be presented to the local bank for application:
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Business registration certificate for overseas listing;
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Payment list and relevant supporting documents that can explain the amount to be remitted (including foreign exchange purchase and remittance) and the corresponding matters;
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If the overseas institution is required to pay taxes to the domestic tax department, relevant tax payment certificates related to withholding taxes on overseas enterprises or individuals should be provided.
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SOALAN LAZIM
