Chinese listings overseas getting complicated despite growing interest, says NYSE's Ge
Publishing timestamp: 2023-10-21 03:54:17
Summary
Chinese companies have a strong desire to list on U.S. stock exchanges, despite the challenges posed by the Covid-19 pandemic and regulatory uncertainties. The process for Chinese IPOs has become more complicated, but many of the issues have been resolved. Chinese companies are not familiar with the new procedures, which have made listing in the U.S. more challenging. The new rules from the China Securities Regulatory Commission require companies to comply with national security measures and personal data protection laws before going public overseas. The political tensions between the U.S. and China have also created uncertainty for Chinese companies and investors. However, the head of China at NYSE remains optimistic that Chinese listings in overseas markets will rebound as long as domestic firms focus on building strong businesses. The overall U.S. IPO market is expected to improve in the coming months, and there is a strong pipeline of Chinese companies intending to list on exchanges.
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Keywords: technology, china, asia news, asia economy, ge healthcare technologies inc, new york, business news, united states,