China private firms shun U.S. as investment, IPO destination, survey shows

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Chinese private firms are shunning the United States in their overseas expansion...

SHANGHAI - Chinese private firms are shunning the United States in their overseas expansion, and generally prefer a home listing to a U.S. initial public offering , a private survey showed on Tuesday, highlighting the trade war’s impact on executive decision-making.

Last week, the U.S.-China Economic and Security Review Commission proposed measures restricting U.S. capital flows toward Chinese companies. “Most executives looking forward are veering away from the United States,” said Drew Bernstein, co-managing partner of MarcumBP. According to the survey, fielded at the start of the third quarter, 71% of the Chinese CEOs said they’re “very willing to consider mergers and acquisitions” as part of their growth strategy, with acquiring advanced technology being the most important factor in such activities.

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:

 /  🏆 2. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Aramco will not market IPO in the United States: sourcesSaudi Aramco does not plan to market its domestic initial public offering (IPO) ...
Source: Reuters - 🏆 2. / 97 Read more »

Saudi Aramco IPO set to value company up to $1.7 trillionSaudi Aramco has set a price range for its listing that implies the oil giant is...
Source: Reuters - 🏆 2. / 97 Read more »