said that China's recent moves boosting oversight of its technology industry surprised him and will likely delay "a large number" of companies from listing shares in the U.S.plunged after China declared that new users couldn't download the app amid a cybersecurity review. Didi had been advised by Chinese regulators to postpone its U.S. listing, but the tech firm went ahead with it last month, the Wall Street Journal has reported.
"There's a significant backlog of Chinese companies that are turning to global capital to raise money to support their growth, and we have our own backlog, a large number of companies that have been planning to come to the U.S. market," Solomon told CNBC's Wilfred Frost Tuesday in an interview. "Because of the actions the Chinese government has taken, I think some of those companies will not come to market at this point in time," Solomon said, adding it was too early to tell what the long-term impacts would be.
As head of what is arguably the premier global Wall Street advisory firm, Solomon will have to navigate the increasingly fraught relationship between China, its giant technology firms and the rest of the world. Goldman, along with
That's what the Chinese government wants.
That's great. China companies RIP OFF THE US RETAIL INVESTOR WITH THE HELP OF SOLOMON
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