It’s thumbs-up for China’s latest move to broaden the ETF Connect scheme. The impending changes will encourage more products and capital inflows into the city’s financial market, according to panellists at a conference.
Role of fund managers will be strengthened as cost of rule violations increases ‘substantially’, a lawyer says, while Goldman Sachs predicts higher ‘quality premium for large-cap stable growers’.
Many Chinese firms are expected to shift their fundraising plans to Hong Kong following measures by the mainland’s market regulator to support initial public offerings in the city, analysts say.
Banning a U.S. IPO for Shein sends a concerning message about America s commitment to disclosure-based capital markets and leadership in championing innovative companies.
China’s government promoted Yi Huiman, the chairman of the Industrial and Commercial Bank of China (ICBC), to head of the securities regulator to help steer the stock market toward an avenue for fundraising.