SHANGHAI - Chinese private firms are shunning the United States in their overseas expansion, and generally prefer a home listing to a US initial public offering , a private survey showed on Tuesday , highlighting the trade war's impact on executive decision-making.
Despite the trade tensions, Chinese CEOs remain committed to global expansion, but have shifted their focus from the US to South-east Asia, Europe and Africa, according to a survey conducted jointly by China's prestigious Tsinghua University and Marcum Bernstein and Pinchuk LLP , a leading auditor for US-listed Chinese companies.
But he predicted that US investors' interest in fast-growing Chinese tech unicorns won't diminish, and many Chinese companies still need access to the deep and liquid US capital markets for funding."