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by Tyler Durden
Friday, Apr 30, 2021 - 05:45 AM
When you re a Chinese company and can list on U.S. exchanges - with little to no recourse or consequences for committing fraud and/or total opacity - why wouldn t you?
Perhaps this is why there has been an influx of Chinese IPOs on U.S. exchanges of late, despite the ongoing tension between the U.S. and China. Even during the Trump administration, it seemed we had learned to be hawkish everywhere except on our capital markets.
Chinese companies continue to pay listing fees, and continue to get listed, CNBC noted this week. Despite the coronavirus pandemic and tensions between the U.S. and China, half of 36 foreign public listings in the U.S. during the first three months of this year came from greater China.
More are coming.
About 60 Chinese companies plan to go public in the U.S. this year, Vera Yang, chief China representative for the New York Stock Exchange, said Tuesday. From our interaction with companies, our sense is they would like to lose no time (in listing), Yang said in a Mandarin-language interview, translated by CNBC. She pointed to uncertainties such as those brought by the pandemic, and a likely tightening of monetary policy in the longer term that would reduce the availability of capital.
The S&P 500 climbed to fresh record highs this year, while U.S. Federal Reserve Chairman
More are coming.
About 60 Chinese companies plan to go public in the U.S. this year, Vera Yang, chief China representative for the New York Stock Exchange, said Tuesday. From our interaction with companies, our sense is they would like to lose no time (in listing), Yang said in a Mandarin-language interview, translated by CNBC. She pointed to uncertainties such as those brought by the pandemic, and a likely tightening of monetary policy in the longer term that would reduce the availability of capital.
The S&P 500 climbed to fresh record highs this year, while U.S. Federal Reserve Chairman