New Analysis Foreign investment banks are likely to see more regulatory risks when underwriting IPOs for Chinese firms, according to financial analysts. On Dec. 24, 2021, the China Securities Regulatory Commission (CSRC) issued a draft regulation targeting Chinese companies listing abroad. The new rules will require investment banks that assist Chinese firms in obtaining foreign IPOs to file with CSRC. Foreign investment banks will also have to file annual reports by the coming Jan. 31 that detail the offshore listings of Chinese firms that they serviced during the year. Investment banks are typically supervised by the regulator in the country where they operate. But by requiring international banks that underwrite a Chinese firm’s offshore listing to also comply with the Chinese regulator—the CCP is setting a never-before-seen precedent with its new overreaching rules. Senior Chinese financial analyst Albert Song told The Epoch Times that the new regulation proposed by CSRC …