Regulators in China and Hong Kong have asked banks to expedite the listings of Chinese companies in the city, Reuters reported Monday, citing sources familiar with the matter.

The China Securities Regulatory Commission said in a closed-door meeting in October that Beijing is expediting approvals of offshore listings, the report said.

In attendance were more than 10 banks and financial institutions, including JPMorgan, Morgan Stanley, Goldman Sachs, UBS, CICC (SHA:601995, HKG:3908), Huatai Securities (HKG:6886, SHA:601688), and law firms, the report said.

Hong Kong Exchanges and Clearing (HKG:0388) has also meet behind closed doors with big global and Chinese banks since October to streamline listings for Chinese companies, the report said, citing the sources.

The meetings could spell a departure from the tightened scrutiny China imposed on offshore fundraising in March 2023 that drove a slowdown in capital raisings, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)