The notice mentioned that this notice applies to fund management matters relating to the direct issuance and listing of overseas shares by companies registered in China through the filing of the China Securities Regulatory Commission or the issuance of overseas depository certificates. The People's Bank of China, the State Administration of Foreign Exchange and its branches supervise, manage and inspect acts such as business registration, account opening and use, cross-border payments, and fund exchange involving overseas listings of domestic enterprises. Domestic shares held by domestic shareholders prior to overseas listing, additional domestic shares issued domestically after overseas listing, and unlisted tradable shares held by foreign shareholders are registered by the China Securities Regulatory Commission for “full circulation” of H shares

The notice mentioned that this notice applies to fund management matters relating to the direct issuance and listing of overseas shares by companies registered in China through the filing of the China Securities Regulatory Commission or the issuance of overseas depository certificates. The People's Bank of China, the State Administration of Foreign Exchange and its branches supervise, manage and inspect acts such as business registration, account opening and use, cross-border payments, and fund exchange involving overseas listings of domestic enterprises. Domestic shares held by domestic shareholders prior to overseas listing, additional domestic shares issued domestically after overseas listing, and unlisted tradable shares held by foreign shareholders are registered by the China Securities Regulatory Commission for “full circulation” of H shares