{"id":590321,"date":"2025-06-11T16:14:33","date_gmt":"2025-06-11T08:14:33","guid":{"rendered":"https:\/\/beta3.law.asia\/?p=590321"},"modified":"2025-08-12T13:47:08","modified_gmt":"2025-08-12T05:47:08","slug":"hong-kong-ipo-market-revival-dual-listings-us-challenges","status":"publish","type":"post","link":"https:\/\/beta3.law.asia\/zh-hans\/hong-kong-ipo-market-revival-dual-listings-us-challenges\/","title":{"rendered":"\u5e02\u573a\u590d\u82cf\uff1f"},"content":{"rendered":"<p><span class=\"vantage-grey\"><em><strong>\u968f\u7740\u9999\u6e2f\u8d44\u672c\u5e02\u573a\u6062\u590d\u6d3b\u529b\uff0c\u4f01\u4e1a\u9762\u4e34\u7740\u4e00\u4e2a\u91cd\u5851\u7684\u52df\u8d44\u683c\u5c40\u3002\u6d41\u52a8\u6027\u7684\u6062\u590d\u4e3a\u6e34\u671b\u8d44\u91d1\u7684\u4e2d\u56fd\u4f01\u4e1a\u5e26\u6765\u4e86\u5168\u65b0\u7684\u673a\u9047\u548c\u6e38\u620f\u89c4\u5219\u3002<\/strong><\/em><\/span><em><strong>Sophie Cheng<\/strong><\/em><span class=\"vantage-grey\"><em><strong>\u62a5\u9053<\/strong><\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><span class=\"dropcap dropcap3\" style=\"color: #a05914;\">\u8fc7<\/span>\u53bb\u4e00\u5e74\uff0c\u9999\u6e2f\u3001\u7f8e\u56fd\u548c\u4e2d\u56fd\u5185\u5730\u65b0\u80a1\u5e02\u573a\u51e0\u5bb6\u6b22\u559c\u51e0\u5bb6\u6101\u3002\u653f\u7b56\u548c\u5e02\u573a\u7ea2\u5229\u4e0b\uff0c\u4ee5\u786c\u79d1\u6280\u548c\u65b0\u8d28\u751f\u4ea7\u529b\u4e3a\u4e3b\u65cb\u5f8b\u7684\u201cA+H\u201d\u80a1\u4e0a\u5e02\u6f6e\u4e3a\u6e2f\u80a1\u5e02\u573a\u64d8\u753b\u51fa\u4e00\u8f6e\u5929\u9ad8\u5730\u9614\u7684\u4e0a\u5e02\u7a97\u53e3\u671f\uff1b\u800c\u5728\u5730\u7f18\u653f\u6cbb\u7684\u4e0d\u786e\u5b9a\u6027\u9634\u4e91\u4e0b\uff0c\u8ba1\u5212\u8d74\u7f8e\u4e0a\u5e02\u7684\u5185\u5730\u4f01\u4e1a\u5c3d\u7ba1\u5728\u5404\u7ec6\u5206\u8d5b\u9053\u4e0a\u4f9d\u7136\u5b58\u5728\u5dee\u5f02\u5316\u7684\u673a\u4f1a\uff0c\u4f46\u4e5f\u9762\u4e34\u7740\u5168\u65b9\u4f4d\u7684\u6311\u6218\u3002\u6301\u7eed\u4f4e\u8ff7\u7684\u5185\u5730\u65b0\u80a1\u5e02\u573a\u547c\u5e94\u7740\u201c\u4e25\u76d1\u7ba1\u3001\u5f3a\u5408\u89c4\u3001\u91cd\u4e1a\u7ee9\u201d\u7684\u5e02\u573a\u73af\u5883\uff0c\u5251\u6307\u4e0a\u5e02\u4f01\u4e1a\u201c\u8d28\u91cf\u4f18\u5148\u201d\u7684\u53ef\u6301\u7eed\u53d1\u5c55\u76d1\u7ba1\u5bfc\u5411\u3002<\/p>\n<p style=\"text-align: justify;\">\u4f34\u968f\u7740\u5883\u5185\u4f01\u4e1a\u5883\u5916\u4e0a\u5e02\u5907\u6848\u5236\u5ea6\u7684\u5b9e\u65bd\uff0c\u4f01\u4e1a\u4e9f\u9700\u6df1\u523b\u7406\u89e3\u8d74\u6e2f\u548c\u8d74\u7f8e\u4e0a\u5e02\u7684\u5ba1\u6838\u8fdb\u5ea6\u548c\u5e95\u5c42\u903b\u8f91\u7684\u6539\u53d8\uff0c\u4ee5\u63d0\u5347\u5907\u6848\u901a\u8fc7\u7387\u3002\u800c\u4ee5\u7279\u6b8a\u76ee\u7684\u6536\u8d2d\u516c\u53f8\uff08SPAC\uff09\u4e3a\u4ee3\u8868\u7684\u521b\u65b0\u8d44\u672c\u8fd0\u4f5c\u70ed\u6f6e\u964d\u6e29\uff0c\u6566\u4fc3\u62df\u4e0a\u5e02\u4f01\u4e1a\u4ee5\u66f4\u52a0\u5ba1\u614e\u7684\u6001\u5ea6\u7b79\u5212\u5176\u4e0a\u5e02\u7b56\u7565\u3002<\/p>\n<h2 style=\"text-align: justify;\"><span style=\"color: #a05914;\"><strong>\u9999\u6c5f\u6f6e\u6d8c<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\">2025\u5e74\uff0c\u6e2f\u80a1IPO\u5e02\u573a\u4e45\u8fdd\u5730\u8fce\u6765\u4e86\u5343\u5e06\u7ade\u53d1\u3001\u767e\u8238\u4e89\u6d41\u7684\u663e\u8457\u56de\u6696\u6001\u52bf\u3002\u4eca\u5e745\u6708\uff0c\u5b81\u5fb7\u65f6\u4ee3\u4ee5\u4eca\u5e74\u5168\u7403\u6700\u5927IPO\u7684\u4f53\u91cf\u5f3a\u52bf\u767b\u9646\u6e2f\u80a1\uff0c\u4e3a\u8fd9\u573a\u8d44\u672c\u76db\u5bb4\u518d\u6dfb\u6d53\u58a8\u91cd\u5f69\u7684\u4e00\u7b14\u3002<\/p>\n<p style=\"text-align: justify;\">\u4eca\u5e74\u9996\u56db\u4e2a\u6708\uff0c\u9999\u6e2f\u8054\u4ea4\u6240\u5171\u63a5\u6536116\u5b97\u4e0a\u5e02\u7533\u8bf7\uff0c\u662f\u53bb\u5e74\u540c\u671f89\u5b97\u76841.3\u500d\u3002\u7684\u8fd1\u5f8b\u5e08\u4e8b\u52a1\u6240\u9a7b\u9999\u6e2f\u7684\u5408\u4f19\u4eba\u548c\u4f01\u4e1a\u878d\u8d44\u90e8\u4e3b\u7ba1\u90b9\u7e41\u6cbe\u6ce8\u610f\u5230\uff0c\u9996\u6b21\u63d0\u4ea4\u4e0a\u5e02\u7533\u8bf7\uff08\u800c\u975e\u56e0\u539f\u7533\u8bf7\u5931\u6548\u800c\u91cd\u65b0\u9012\u4ea4\uff09\u7684\u6bd4\u4f8b\u8f83\u4e0a\u5e74\u540c\u671f\u660e\u663e\u63d0\u5347\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e2d\u56fd\u5185\u5730\u4f01\u4e1a\u7ee7\u7eed\u6210\u4e3a\u6e2f\u80a1IPO\u5e02\u573a\u7684\u4e3b\u5bfc\u529b\u91cf\u3002\u5929\u5143\u5f8b\u5e08\u4e8b\u52a1\u6240\u9999\u6e2f\u529e\u516c\u5ba4\u7ba1\u7406\u5408\u4f19\u4eba\u674e\u7adf\u5f18\u6307\u51fa\uff0c\u6b64\u8f6e\u70ed\u6f6e\u548c\u524d\u51e0\u6b21\u76f8\u6bd4\u6700\u5927\u7684\u7279\u70b9\u5728\u4e8e\uff0c\u4e2d\u56fd\u4f18\u79c0\u7684\u521b\u4e1a\u4f01\u4e1a\u4e0d\u518d\u662f\u201c\u6478\u7740\u7f8e\u56fd\u8fc7\u6cb3\u201d\u3002<\/p>\n<p style=\"text-align: justify;\">\u201c\u533a\u522b\u4e8e\u4e0a\u4e00\u4e2a\u65f6\u4ee3\u2018copy from the US\u2019\uff08\u6548\u4eff\u7f8e\u56fd\uff09\u3001\u2018me too\u2019\uff08\u6211\u4e5f\u662f\uff09\u548c\u2018me better\u2019\uff08\u6211\u66f4\u51fa\u8272\uff09\u7684\u8ddf\u968f\u8005\u6545\u4e8b\uff0c\u8fd9\u6b21\u662f\u4e2d\u56fd\u4f01\u4e1a\u5f15\u9886\u5168\u7403\u6280\u672f\u8fdb\u6b65\u548c\u9769\u65b0\u7684\u4e2d\u56fd\u6545\u4e8b\uff0c\u201d\u674e\u7adf\u5f18\u8bf4\u3002<\/p>\n<p><img class=\"aligncenter size-full wp-image-593470\" src=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Ronny-Chow-CHI-1.png\" alt=\"Ronny Chow CHI\" width=\"1080\" height=\"1099\" srcset=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Ronny-Chow-CHI-1.png 1080w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Ronny-Chow-CHI-1-295x300.png 295w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Ronny-Chow-CHI-1-1006x1024.png 1006w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Ronny-Chow-CHI-1-768x782.png 768w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Ronny-Chow-CHI-1-696x708.png 696w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Ronny-Chow-CHI-1-1068x1087.png 1068w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Ronny-Chow-CHI-1-413x420.png 413w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p style=\"text-align: justify;\">\u4e0e\u4e4b\u76f8\u5bf9\u5e94\u7684\u662f\uff0c\u201cA+H\u201d\u53cc\u91cd\u4e0a\u5e02\u8d8b\u52bf\u6108\u53d1\u663e\u8457\u3002\u622a\u81f3\u4eca\u5e74\u56db\u6708\u5e95\uff0cA\u80a1\u516c\u53f8\u63d0\u4ea4\u9999\u6e2f\u7b2c\u4e8c\u4e0a\u5e02\u7533\u8bf7\u5df2\u8fbe25\u5b97\uff0c\u800c2024\u5e74\u5e95\u4ec5\u4e09\u5b97\u3002\u201c\u81ea2023\u5e743\u6708\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u5883\u5185\u4f01\u4e1a\u5883\u5916\u4e0a\u5e02\u5907\u6848\u5236\u5ea6\uff08\u9002\u7528\u4e8e\u6240\u6709\u4e3b\u8981\u4e1a\u52a1\u5728\u5185\u5730\u7684\u4f01\u4e1a\uff09\u5b9e\u65bd\u4ee5\u6765\uff0cH\u80a1\u67b6\u6784\u5df2\u53d6\u4ee3\u7ea2\u7b79\u67b6\u6784\u6210\u4e3a\u4e3b\u6d41\u3002\u76ee\u524d\uff0c\u7ea2\u7b79\u67b6\u6784\u4e3b\u8981\u9002\u7528\u4e8e2023\u5e74\u524d\u5df2\u5b8c\u6210\u5883\u5916\u80a1\u6743\u67b6\u6784\u642d\u5efa\u7684\u4f01\u4e1a\uff0c\u201d\u90b9\u7e41\u6cbe\u8bf4\u3002<\/p>\n<p style=\"text-align: justify;\">\u4e0d\u8fc7\uff0c\u970d\u91d1\u8def\u4f1f\u5f8b\u5e08\u4e8b\u52a1\u6240\u9a7b\u9999\u6e2f\u7684\u5408\u4f19\u4eba\u9093\u6c38\u5b89\u63d0\u793a\u8bf4\uff1a\u201c\u5f53\u524d\u5e02\u573a\u56de\u6696\u4e3b\u8981\u4f9d\u9760\u82e5\u5e72\u5927\u578bIPO\u9879\u76ee\u652f\u6491\uff0c\u800c\u975e\u4e0a\u5e02\u6210\u529f\u4f01\u4e1a\u6570\u91cf\u7684\u589e\u957f\uff0c\u8fd9\u53cd\u6620\u51fa\u8d44\u91d1\u6b63\u96c6\u4e2d\u4e8e\u5c11\u6570\u5927\u89c4\u6a21\u4ea4\u6613\u3002\u201d<\/p>\n<p style=\"text-align: justify;\">\u4ece\u884c\u4e1a\u5206\u5e03\u770b\uff0c\u9093\u6c38\u5b89\u6307\u51fa\u6295\u8d44\u8005\u5bf9\u4eba\u5de5\u667a\u80fd\u3001\u5148\u8fdb\u6280\u672f\u3001\u80fd\u6e90\u53ca\u6d88\u8d39\u884c\u4e1a\u9886\u57df\u7684\u5174\u8da3\u6b63\u4e0e\u65e5\u4ff1\u589e\uff0c\u800c\u90b9\u7e41\u6cbe\u5219\u89c2\u5bdf\u5230\uff0c\u5f53\u524d\u7533\u8bf7\u4e0a\u5e02\u7684\u4f01\u4e1a\u4e3b\u8981\u96c6\u4e2d\u4e8e\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u3001IT\u89e3\u51b3\u65b9\u6848\u3001\u534a\u5bfc\u4f53\u3001\u7535\u52a8\u6c7d\u8f66\u667a\u80fd\u5145\u7535\u3001\u751f\u7269\u79d1\u6280\u3001\u533b\u7597\u5065\u5eb7\uff0c\u4ee5\u53ca\u91c7\u7528\u201c\u5168\u6e20\u9053+\u201d\u6a21\u5f0f\u7684\u6d88\u8d39\u4f01\u4e1a\u9886\u57df\u3002<\/p>\n<p><img class=\"alignright size-full wp-image-592272\" src=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Nelson-Tang-CHI.png\" alt=\"Nelson-Tang\" width=\"1080\" height=\"1099\" srcset=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Nelson-Tang-CHI.png 1080w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Nelson-Tang-CHI-295x300.png 295w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Nelson-Tang-CHI-1006x1024.png 1006w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Nelson-Tang-CHI-768x782.png 768w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Nelson-Tang-CHI-696x708.png 696w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Nelson-Tang-CHI-1068x1087.png 1068w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Nelson-Tang-CHI-413x420.png 413w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p style=\"text-align: justify;\">\u6e2f\u80a1IPO\u5e02\u573a\u7684\u56de\u6696\u8d70\u5f3a\u5f97\u76ca\u4e8e\u8fd1\u5e74\u6765\u5185\u5730\u548c\u9999\u6e2f\u8bc1\u5238\u76d1\u7ba1\u673a\u6784\u63a8\u51fa\u7684\u4e00\u7cfb\u5217\u6709\u5229\u653f\u7b56\u652f\u6301\u3002\u53bb\u5e744\u6708\uff0c\u4e2d\u56fd\u8bc1\u76d1\u4f1a\u53d1\u5e03\u4e94\u9879\u8d44\u672c\u5e02\u573a\u5bf9\u6e2f\u5408\u4f5c\u63aa\u65bd\uff0c\u652f\u6301\u5185\u5730\u884c\u4e1a\u9f99\u5934\u4f01\u4e1a\u8d74\u6e2f\u4e0a\u5e02\u3002\u540c\u5e7410\u6708\uff0c\u9999\u6e2f\u8bc1\u76d1\u4f1a\u548c\u9999\u6e2f\u8054\u4ea4\u6240\u51fa\u53f0\u300a\u6709\u5173\u4f18\u5316\u65b0\u4e0a\u5e02\u7533\u8bf7\u5ba1\u6279\u6d41\u7a0b\u65f6\u95f4\u8868\u7684\u8054\u5408\u58f0\u660e\u300b\uff0c\u5bf9\u7b26\u5408\u89c4\u5b9a\u7684\u767e\u4ebf\u4f30\u503c\u4ee5\u4e0a\u7684A\u80a1\u516c\u53f8\u5f00\u8f9f\u201c\u5feb\u901f\u5ba1\u6279\u901a\u9053\u201d\u3002<\/p>\n<p style=\"text-align: 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alt=\"Guo-Xiaodan-CHI\" width=\"1080\" height=\"1099\" srcset=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Guo-Xiaodan-CHI.png 1080w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Guo-Xiaodan-CHI-295x300.png 295w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Guo-Xiaodan-CHI-1006x1024.png 1006w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Guo-Xiaodan-CHI-768x782.png 768w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Guo-Xiaodan-CHI-696x708.png 696w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Guo-Xiaodan-CHI-1068x1087.png 1068w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Guo-Xiaodan-CHI-413x420.png 413w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p style=\"text-align: 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height=\"1099\" srcset=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Xu-Ying-CHI-1.png 1080w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Xu-Ying-CHI-1-295x300.png 295w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Xu-Ying-CHI-1-1006x1024.png 1006w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Xu-Ying-CHI-1-768x782.png 768w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Xu-Ying-CHI-1-696x708.png 696w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Xu-Ying-CHI-1-1068x1087.png 1068w, https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Xu-Ying-CHI-1-413x420.png 413w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<p style=\"text-align: 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.cblj-only, .ablj-only {\r\n    display: none;\r\n}\r\n\r\n#td-outer-wrap.ABLJ .ablj-only{\r\n    display: inline;\r\n}\r\n\r\n#td-outer-wrap.CBLJ .cblj-only{\r\n    display: inline;\r\n}\r\n\r\n#td-outer-wrap.IBLJ .iblj-only{\r\n    display: inline;\r\n}\r\n\r\n#td-outer-wrap.ABLJ .general-link, #td-outer-wrap.CBLJ .general-link, #td-outer-wrap.IBLJ .general-link {\r\n    display: none;\r\n}\r\n\r\n\r\n.zh-only .general-link, #td-outer-wrap.CBLJ .zh-only .cblj-only{\r\n    display: inline;\r\n}\r\n\r\n.zh-only .cblj-only , #td-outer-wrap.CBLJ .zh-only .general-link{\r\n    display: none;\r\n}\r\n\r\n.ihc_locker_1 p {\r\n    font-size: 20px;\r\n    line-height: 32px;\r\n}<\/style><div class=\"ihc-locker-wrap\"><div style='max-width:640px; margin:auto; ' class='ihc_locker_1'>\n\t\t\t\t\t\t\t<div><p><h2 class=\"en-only\" style=\"font-size: 25px\">\r\n    You must be a\r\n    <a\r\n        class=\"vantage-orange ablj-only\"\r\n        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style=\"padding-left: 1.5em; font-size: 12px; color: #787878; font-family: Gotham, 'Helvetica Neue', Helvetica, Arial, 'sans-serif';\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/pharma-ipo-income-indicators-risks-anti-corruption\/\">\u4f5c\u8005\uff1a \u5f20\u6960\uff0c<\/a><a href=\"https:\/\/beta3.law.asia\/zh-hans\/law-firm\/haiwen-partners\/\">\u709c\u8861\u5f8b\u5e08\u4e8b\u52a1\u6240<\/a><\/h4>\n<\/td>\n<td width=\"20%\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/pharma-ipo-income-indicators-risks-anti-corruption\/\" target=\"_blank\"><img style=\"text-align: right;\" src=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Income-indicators-and-risks-for-pharma-IPOs.jpg\" width=\"160\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td width=\"80%\">\n<h3 style=\"padding-left: 1em;\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/china-listed-company-governance-rules-update\/\"><b>\u4e0a\u5e02\u516c\u53f8\u6cbb\u7406\u65b0\u89c4\u89e3\u8bfb<\/b><\/a><\/h3>\n<h4 style=\"padding-left: 1.5em; font-size: 12px; color: #787878; font-family: Gotham, 'Helvetica Neue', Helvetica, Arial, 'sans-serif';\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/china-listed-company-governance-rules-update\/\">\u4f5c\u8005\uff1a \u5f20\u742a\u709c\u548c\u9646\u5f64\u5f64<\/a>\uff0c<a href=\"https:\/\/beta3.law.asia\/zh-hans\/law-firm\/dentons-law-firm\/\">\u5eb7\u8fbe\u5f8b\u5e08\u4e8b\u52a1\u6240<\/a><\/h4>\n<\/td>\n<td width=\"20%\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/china-listed-company-governance-rules-update\/\" target=\"_blank\"><img style=\"text-align: right;\" src=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/New-rules-on-listed-companies-governance.jpg\" width=\"160\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td width=\"80%\">\n<h3 style=\"padding-left: 1em;\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/new-share-disposal-rules-china-2024\/\"><b>\u51cf\u6301\u65b0\u89c4\u5468\u5e74\u89c2\u5bdf<\/b><\/a><\/h3>\n<h4 style=\"padding-left: 1.5em; font-size: 12px; color: #787878; font-family: Gotham, 'Helvetica Neue', Helvetica, Arial, 'sans-serif';\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/new-share-disposal-rules-china-2024\/\">\u4f5c\u8005\uff1a \u738b\u632f\u79b9<\/a>\uff0c<a href=\"https:\/\/beta3.law.asia\/zh-hans\/law-firm\/grandway-law-office\/\">\u6c49\u5764\u5f8b\u5e08\u4e8b\u52a1\u6240<\/a><\/h4>\n<\/td>\n<td width=\"20%\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/new-share-disposal-rules-china-2024\/\" target=\"_blank\"><img style=\"text-align: right;\" src=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Understanding-new-rules.jpg\" width=\"160\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td width=\"80%\">\n<h3 style=\"padding-left: 1em;\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/sse-corporate-bond-issuance-legal-review-guidelines\/\"><b>\u300a3\u53f7\u6307\u5f15\u300b\u4e0b\u516c\u53f8\u503a\u5238\u6cd5\u5f8b\u5ba1\u6838\u8981\u70b9\u53ca\u53cd\u9988\u610f\u89c1\u5e94\u5bf9<\/b><\/a><\/h3>\n<h4 style=\"padding-left: 1.5em; font-size: 12px; color: #787878; font-family: Gotham, 'Helvetica Neue', Helvetica, Arial, 'sans-serif';\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/sse-corporate-bond-issuance-legal-review-guidelines\/\">\u4f5c\u8005\uff1a \u9c8d\u851a\u9a85\uff0c<\/a><a href=\"https:\/\/beta3.law.asia\/zh-hans\/law-firm\/commerce-finance-law-offices\/\">\u89c2\u97ec\u5f8b\u5e08\u4e8b\u52a1\u6240<\/a><\/h4>\n<\/td>\n<td width=\"20%\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/sse-corporate-bond-issuance-legal-review-guidelines\/\" target=\"_blank\"><img style=\"text-align: right;\" src=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/Responding-to-SSE-feedback-on-new-bond-issuance-rules.jpg\" width=\"160\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td width=\"80%\">\n<h3 style=\"padding-left: 1em;\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/new-rules-securities-misrepresentation-china-guidelines\/\"><b>\u8bc1\u5238\u865a\u5047\u9648\u8ff0\u88c1\u5224\u65b0\u89c4\u89e3\u8bfb<\/b><\/a><\/h3>\n<h4 style=\"padding-left: 1.5em; font-size: 12px; color: #787878; font-family: Gotham, 'Helvetica Neue', Helvetica, Arial, 'sans-serif';\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/new-rules-securities-misrepresentation-china-guidelines\/\">\u4f5c\u8005\uff1a \u674e\u963f\u654f\u548c\u76db\u4f1f\u8363\uff0c<\/a><a href=\"https:\/\/beta3.law.asia\/zh-hans\/law-firm\/hankun-law-offices\/\">\u901a\u5546\u5f8b\u5e08\u4e8b\u52a1\u6240<\/a><\/h4>\n<\/td>\n<td width=\"20%\"><a href=\"https:\/\/beta3.law.asia\/zh-hans\/new-rules-securities-misrepresentation-china-guidelines\/\" target=\"_blank\"><img style=\"text-align: right;\" src=\"https:\/\/beta3.law.asia\/wp-content\/uploads\/2025\/06\/New-rules-for-securities-misrepresentation-cases-1.jpg\" width=\"160\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>\u968f\u7740\u9999\u6e2f\u8d44\u672c\u5e02\u573a\u6062\u590d\u6d3b\u529b\uff0c\u4f01\u4e1a\u9762\u4e34\u7740\u4e00\u4e2a\u91cd\u5851\u7684\u52df\u8d44\u683c\u5c40\u3002\u6d41\u52a8\u6027\u7684\u6062\u590d\u4e3a\u6e34\u671b\u8d44\u91d1\u7684\u4e2d\u56fd\u4f01\u4e1a\u5e26\u6765\u4e86\u5168\u65b0\u7684\u673a\u9047\u548c\u6e38\u620f<\/p>\n","protected":false},"author":13501,"featured_media":590399,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","meta-author":""},"categories":[167595,4590,75,59779,407],"tags":[5467,160393,117074,96030,2624,125993,126581,94802,1121,659,167860,125828,124558,93946,1150,165282,166782],"acf":[],"yoast_head":"<!-- This site is optimized with the 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