New rules on overseas listings may jeopardise future US deals for Chinese firms

//New rules on overseas listings may jeopardise future US deals for Chinese firms

New rules on overseas listings may jeopardise future US deals for Chinese firms

China’s announcement of new rules for companies looking to raise capital on overseas exchanges puts future deals in jeopardy as Beijing shows more interest in the financial decoupling that America’s China hawks have been pushing, analysts said.The State Council’s rules – which followed news that Beijing has put newly listed Didi Chuxing under national security review – not only helped wipe as much as US$16.4 billion in value off the ride-hailing and tech giant on Tuesday, its fourth day of…

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By | 2021-07-06T22:48:30+00:00 July 6th, 2021|Headlines|Comments Off on New rules on overseas listings may jeopardise future US deals for Chinese firms