Procedures streamlined for firms that plan to seek funds on foreign markets

The China Securities Regulatory Commission is streamlining administrative procedures for domestic companies seeking to raise funds abroad, the commission said on Friday.

"We have simplified overseas listing materials. Chinese companies seeking to go public abroad no longer need to provide audit results or environmental protection certificates," said Zhang Xiaojun, a CSRC spokesman.

The CSRC also confirmed the required application materials for issuing new common or preferred shares abroad, said Zhang.