regulations being rolled out that could see Chinese companies delisted if they do not comply with U.S. Public companies that listed 40 of their share qualifies for a 5 tax rate deduction. The most significant benefit comes from financing and taxation. regulators will potentially gain more access to audit documents of New York-listed Chinese companies.Īnalysts also note the tougher stance coincides with new U.S. In some cases, as he came further, the benefits of IPO often outweigh the disadvantages starting from increased valuation, prestige, company motivation, and other benefits. listing plans and opt for Hong Kong instead, with one source at the time citing Beijing’s concerns that U.S. In May, Reuters reported that Beijing was pressing audio platform Ximalaya to drop U.S. The tougher stance by the Cybersecurity Administration of China has been driven in part by concerns that the United States could gain greater access to data owned by Chinese firms – similar to concerns that the previous Trump administration had voiced about Chinese firms operating in the United States. later this year, a review of the filings showed. listings, Refinitiv data shows, well up from the $1.9 billion from 14 deals in the same period a year ago.Įight Chinese companies including home service platform Daojia Ltd and Atour Lifestyle Holdings have made public filings with the Securities and Exchange Commission (SEC) to list in the U.S. So far this year, a record $12.5 billion by Chinese firms has been raised from 34 U.S.
capital markets have been a lucrative source of funding for Chinese firms in the past decade, especially for technology companies looking to benchmark their valuations against listed peers there and tap an abundant liquidity pool. On Tuesday China’s state mouthpiece, the Global Times, said that Beijing would be introducing new regulations for cross-border data flows and security. This advertisement has not loaded yet, but your article continues below. Healthcare IT firm LinkDoc Technology is set to withdraw its initial public offering (IPO) in the United States following China’s crackdown on offshore listings, Reuters reported today.
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