Chinese staffers adjust US and Chinese flags before the opening session of trade negotiations between US and Chinese trade representatives at the Diaoyutai State Guesthouse in Beijing, Thursday, February 14, 2019.
"We have seen clients putting their US IPO plans on hold for now," said Stephen Chan, a partner at law firm Dechert LLP in Hong Kong. "The underlying reason for the slowdown is the relationship between the US and China," he added.Chinese groups have raised $1.67 billion via initial public offerings in New York this year and are looking to raise about half billion more on US exchanges, Dealogic data shows.
The China Securities Regulatory Commission did not respond to requests for comment, while the US Securities and Exchange Commission declined to comment. Chinese authorities have long resisted audit papers leaving China, making it hard for US auditing regulators to check the quality of audits of Chinese companies.
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