This book is the first of its kind to provide a comprehensive, contextualized and current account of China's development and regulation of cross-border listings. As the world's second-largest economy, it is crucial to understand how China regulates the overseas listing of its companies and the opening up of its capital market to foreign companies, particularly at a time of ongoing and escalating geopolitical tensions. Offering an up-to-date account of the subject, Professor Huang enables readers to gain a holistic and accurate understanding in this area. Providing a contextualized and practical analysis of the subject from a Chinese perspective, he explains not only what the law is but also why the law is the way that it is fundamentally. The book also examines the political, economic and social factors shaping the institutional context in which the law operates, assisting readers in understanding the reasons behind past regulatory actions and predicting future regulatory developments.

‘The international financing of Chinese enterprises is an increasingly salient topic for lawyers. This book provides a comprehensive account of the legal issues relating to cross-border listings by Chinese enterprises. Robin Huang is a globally-recognised expert on these topics and the book will be essential reading for academics and practitioners whose work engages with these issues.’

John Armor - Dean, Professor of Law and Finance, Faculty of Law, University of Oxford

‘With this book, Professor Robin Hui Huang begins to blaze a trail that many scholars are destined to follow. Many Chinese companies have chosen to list abroad, either in the U.S. or Hong Kong. What motivates this? What realistically can this strategy achieve? Professor Huang examines both sides of this policy issue with fairness and objectivity. What most distinguishes Professor Huang's book is that it is not written from a predominantly U.S. perspective, but rather is China-centric. He poses and debates the questions facing Chinese regulators: How should they use the new extraterritorial jurisdiction they have been recently given? How should they cooperate with Hong Kong on enforcement and other issues? What should they do when a scandal such as the Luckin Coffee episode threatens to undermine the credibility of Chinese issuers? Should China attempt more strenuously to attract foreign issuers to its market? Professor Huang may be the first to examine these questions at length, but he will not be the last, as many will follow the trail he is opening.’

John C. Coffee, Jr. - Adolf A. Berle Professor of Law, Columbia Law School

‘The book is an invaluable resource for anyone looking for a comprehensive and insightful exploration of the complex world of cross-border listings of Chinese companies. It deftly balances legal analysis with a keen understanding of the institutional framework surrounding these listings.’

Eilis Ferran - Professor of Company and Securities Law, Faculty of Law, University of Cambridge; Provost, Gates Cambridge Trust

‘The book combines Professor Robin Huang’s deep expertise on the Chinese capital markets, his knowledge of cross-border securities regulation, and his sophisticated integration of both empirical and theoretical academic scholarship. It offers a rare English-language window into the complex, continually evolving, and economically critical Chinese legal regime. The book will be of great value to investors, policymakers and scholars who will benefit both from the insights about the Chinese markets and the broader application of those insights to capital market regulation in an increasingly global environment.’

Jill E. Fisch - Saul A. Fox Distinguished Professor of Business Law, University of Pennsylvania Law School

‘In this book, Professor Robin Huang-one of the world’s leading experts on Chinese corporate and financial law-provides a comprehensive and up-to-date account of why and how Chinese firms list overseas, and both Chinese and American attempts to regulate these cross-listed firms. The book is essential reading for academics, policymakers, and investors seeking to understand the evolving landscape of overseas listings by Chinese companies. I highly recommend it.’

Jesse M. Fried - William Nelson Cromwell Professor of Law, Harvard Law School

‘China’s Development and Regulation of Cross-border Listings skilfully illuminates how Chinese firms navigate global capital markets. Huang’s comprehensive analysis of Chinese regulation of cross-border listings situates evolving legal developments within their distinctive institutional and political economy contexts. The book offers valuable insights for scholars and practitioners engaged in the study, development or enforcement of international securities regulation.’

Curtis J. Milhaupt - William F. Baxter–Visa International Professor of Law, Stanford Law School