Pivoting away from the U.S. would be good news for Hong Kong, which has seen proceeds from initial public offerings drop 46.8% compared to the same period last year, according to data from Refinitiv. It is also the lowest since 2017, according to Refinitiv.
"Since Chinese stocks have several alternative listing options, ranging from London to Hong Kong to the ever burgeoning on-shore market, losing access to the US would be negative but not devastating," said strategists Philip Wee and Eugene Leow in the note.
A huge Chinese conspiracy scam was fully uncovered with the so called Chinese Reverse Merger firms around 2010.Probably tens of thousand of US and many non US naive shareholders were turn belly up by the time SEC started to question them.Chinese authorities did nothing.
US should have done that since 2010 when a huge Chinese conspiracy scam was fully uncovered with the so called Chinese Reverse Merger firms.Probably tens of thousand of US and many non US citizens were turn belly by the time SEC started to question them. Better late than never.
Listing in Hong Kong and the US are very different. It is not a substitute.
And this was the start of world war three folks!
Think we will buy on Hong Kong exchange Monday it’s much cheaper.
U.S. Treasury Says No Plans to Block Chinese Listings ‘at This Time’