Some U.S.-listed Chinese stocks will need Beijing's approval to stay public in other overseas markets
Publishing timestamp: 2022-02-19 07:39:28
Summary
New rules in China require internet platform companies with personal data of more than 1 million users to get approval before listing overseas, complicating the path for U.S.-listed Chinese companies looking to raise money in public markets abroad. The fallout from Didi's U.S. IPO has prompted Beijing to increase regulatory scrutiny on Chinese companies, leading some to pursue dual or secondary listings in Hong Kong. The extent of cybersecurity scrutiny for future Chinese stock offerings in Hong Kong remains to be seen.
Sentiment: MIXED
Keywords: market insider, alibaba group holding ltd, business news, technology, didi global inc, markets, stock markets,