Fewer Chinese companies are expected to go public in the U.S. market once new financial regulations kick in and those that are already listed there may return to China if they cannot comply with the rules, an investor told CNBC.in one of the most highly anticipated initial public offerings.
"We do expect to see fewer Chinese ADRs listing in the U.S.," Kathleen Smith, principal and co-founder of Renaissance Capital, said on CNBC's ""We are seeing a rush of them now because there are some new SEC rules being put into effect that are going to require all U.S.-listed companies to abide by the financial oversight of the accounting rules here," she added.
Chinese companies would do anything to comply with SEC regulations and be listed on US exchanges. It’s access to the biggest, most efficient, capital market in the world. Also, gives them legitimacy. The big-time. It’s the CCP that is pulling the string. Get real RC.
Good stay on you side of the fucking ocean
Renaissance Capital is an emerging and frontier markets focused investment bank founded in 1995 in Russia. Hmmm...
So?...
No, please, we need TONS more Chinese companies on the Nasdaq!!
Bad news for the US, great news for the Shanghai stock exchange.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Buyer beware' this investing fad, says the issuer of the soaring IPO ETFSPACs, or special purpose acquisition companies, tend to be worse investments than standard initial public offerings, says Renaissance Capital's Kathleen Smith.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. Sanctions Chinese Firms and Executives Active in Contested South China SeaThe U.S. unveiled visa and export restrictions against Chinese state-owned companies and their executives involved in advancing Beijing’s territorial claims in the contested South China Sea. Keep it going 👍🏼 This is good news, but we—the World—didn’t wake up one morning to the CCP having built overnight a large military island in the middle of the ocean! It’s complete. It’s a piece of China in contested waters. There is not a lot that can be done now.
Source: WSJ - 🏆 98. / 63 Read more »
Hurricane-related shut-ins curb 82% of oil, 59% of natural gas output in U.S. Gulf of Mexico, regulator saysU.S. energy companies continued to restaff offshore oil and gas production facilities in the U.S. Gulf of Mexico on Saturday, according to data released by the U.S. Department of Interior. Yeah, even though Americans are using less gasoline, it still goes up like a rocket and floats down like a feather in price. The oil companies gouge us. Mother Nature has just invoked 'Sanctions' on the United States. Would you like ketchup or Sriracha with your karma? The rest of it is now smeared all over that area due to a reduction in oil industry regulations.
Source: Reuters - 🏆 2. / 97 Read more »