China's private firms shunning US as investment, IPO destination: Survey

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SHANGHAI (REUTERS) - Chinese private firms are shunning the United States in their overseas expansion, and generally prefer a home listing to a US initial public offering (IPO), a private survey showed on Tuesday (Nov 19), highlighting the trade war's impact on executive decision-making.. Read more at straitstimes.com.

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."

 

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