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.
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.
Source: Reuters - 🏆 2. / 97 Read more »
Source: Reuters - 🏆 2. / 97 Read more »