Red-chip enterprises’ overseas listing: Securities regulation and conflict of laws
Written by Jingru Wang, Wuhan University Institute of International Law 1.Background Three days after its low-key listing in the US on 30 June 2021, Didi Chuxing (hereinafter “Didi”) was investigated by the Cyberspace Administration of China (hereinafter “CAC”) based on the Chinese National Security Law and Measures for Cybersecurity Review.