The registration business of the first batch of overseas listed companies in Tianjin reducing their holdings by domestic shareholders has been launched.

Reporters learned from the Tianjin Branch of the Bank of China on the 27th that, under the guidance of the Tianjin Branch of the State Administration of Foreign Exchange, the bank recently successfully completed the registration of the first batch of domestic shareholders reducing their holdings in overseas listed companies in Tianjin. It is understood that, according to the joint announcement issued by the People's Bank of China and the State Administration of Foreign Exchange on issues related to the management of funds for domestic companies listed overseas, starting from April 1 this year, registration, change of registration, and registration of reductions in holdings by domestic shareholders of domestic companies listed overseas will be directly handled by banks, and the registration deadline will be significantly extended.