This translation has been automatically generated and has not been verified for accuracy.Nasdaq Inc. is cracking down on initial public offerings of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers.
“One critical quality of our capital markets is that we provide non-discriminatory and fair access to all eligible companies. The statutory obligation of all U.S. equity exchanges to do so creates a vibrant market that provides diverse investment opportunities for U.S. investors,” a Nasdaq spokeswoman said.
A source close to Nasdaq said the changes to its listing rules were not the result of discussions with the White House. A White House spokesman declined to comment on Nasdaq’s listing rule changes.In June, U.S. lawmakers introduced a bill, which has yet to be adopted, that would force Chinese companies listed on American stock exchanges to submit to regulatory oversight, including providing access to audits, or face delisting.
Nasdaq also said in June that it may delay the U.S. listing of a company that does not demonstrate a strong enough nexus to the U.S. capital markets, including having no shareholders, operations, management or board members with links to the United States.
globeinvestor US trying ever so hard to stifle silence or shall we say annihilate the Chinese.