Securities regulator to relax rules on listing

HONG KONG - The mainland's securities regulator plans to relax controls on Hong Kong and overseas listings for mainland companies and will push for issues of yuan-denominated shares in the offshore yuan market, China Securities Regulatory Commission (CSRC) Vice-Chairman, Yao Gang, said on Monday.

Speaking at the Asian Financial Forum in Hong Kong, Yao said the standards to list so-called H-shares are too high and the approval process is time-consuming.

"Current H-share listing rules were set more than a decade ago, and there haven't been changes throughout these years," Yao said.