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nikkei.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nikkei.com Daily Mail and Mail on Sunday newspapers.
SEC chief Gary Gensler blocks Chinese IPOs until risks better disclosed
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
BEIJING (AP) China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off.
As expected, the growth reported Thursday fell from the previous quarter’s explosive 18.3%, which was magnified by comparison with early 2020, when the world’s second-largest economy closed factories, stores and offices to fight the coronavirus. China led a global recovery after the ruling Communist Party declared the disease under control last March and reopened most industries.
The United States and other major economies are bouncing back, but some are hampered by the spread of new virus variants. The rapid U.S. recovery has led the Federal Reserve to suggest it might start unwinding its stimulus earlier than planned, late next year instead of in 2023.
Ant-backed Chinese bike-sharing start-up Hello scraps plans for US IPO
straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
Ant-backed Chinese bike-sharing operator Hello Inc scraps US IPO plans
Photo: Hellobike website
July 28, 2021
China’s Hello Inc, an app-based ride services provider backed by Jack Ma’s Ant Group, on Tuesday scrapped plans for an initial public offering in the United States against the backdrop of a regulatory crackdown on U.S.-listed Chinese companies.
Hello, which offers services in China including two-wheeler services and a carpooling marketplace, said it no longer wishes to publicly float its shares in the United States, according to a regulatory filing.
A top official at the U.S. Securities and Exchange Commission (SEC) said on Tuesday that Chinese companies listed on exchanges in the United States must disclose, as part of regular reporting obligations, any risks related to the Chinese government interfering in their business.