Recently, the Global Investor Conference hosted by the Shenzhen Stock Exchange was grandly held. Li Ming, Vice Chairman of the China Securities Regulatory Commission (CSRC), delivered an important speech at the conference, clearly stating that the CSRC will further optimize the overseas listing filing system, improve the quality and efficiency of filings, and enhance the transparency and predictability of the system. This statement has undoubtedly injected new vitality into the overseas listing market and sent positive market signals. Since the official implementation of the Interim Measures for the Administration of Overseas Issuance of Securities and Listing by Domestic Enterprises and supporting guideline documents (referred to as the "New Overseas Listing Rules") on March 31, 2023, China's overseas listing filing system has been continuously improved. The process for enterprises to go public overseas has become clearer and more transparent, providing more enterprises with opportunities to access the international capital market. In his speech, Vice Chairman Li Ming once again emphasized that the CSRC will work to improve the quality and efficiency of filing management, optimize institutional arrangements such as the Qualified Foreign Institutional Investor (QFII) mechanism, support eligible foreign institutions to apply for new businesses and launch new products, and thus continuously improve the cross-border financial service system. The implementation of this series of measures aims to provide enterprises with more efficient and convenient overseas listing channels, reduce financing costs, and enhance the international competitiveness of the capital market. Data shows that a total of 150 enterprises completed CSRC filings in 2024, an increase of 90% compared to the 79 enterprises in 2023, fully demonstrating that enterprises' enthusiasm for going public overseas remains high. Among them, the Hong Kong Stock Exchange and the Nasdaq Stock Market remain the preferred listing destinations for enterprises, with 94 and 54 enterprises completing filings respectively. In addition, the filing approval rate has also increased, further boosting enterprises' confidence in going public overseas. Against the backdrop of institutional opening-up, Vice Chairman Li Ming pointed out that the CSRC will, in accordance with the deployment and requirements of institutional opening-up, strengthen the top-level institutional design for opening-up, and focus on promoting the alignment and mutual recognition of rules, regulations, management practices and standards. This will make the institutional environment for overseas listing more stable, transparent and predictable, providing more favorable development conditions for enterprises. At the same time, the CSRC will actively strengthen bilateral and multilateral cross-border regulatory cooperation, actively participate in the formulation of international standard rules, further strengthen cooperation between the mainland and overseas markets, and enhance the international influence of China's capital market. Vice Chairman Li Ming's speech not only sent a positive signal of further opening-up of China's capital market, but also provided new development opportunities for enterprises to go public overseas. Enterprises should actively respond to the policy orientation, improve their own governance level and information disclosure quality, seize the favorable opportunity of going public overseas, and achieve high-quality development. In future development, the CSRC will continue to work to optimize the overseas listing filing system, provide more convenient and efficient listing channels for enterprises, and promote the high-quality development of China's capital market. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting Management Co., Ltd. is a domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies share the same actual controller, are managed under the same Chinese governance framework, and comply with the laws of Hong Kong and mainland China.