Fewer Chinese companies are expected to go public in the U.S. market once new financial regulations kick in and those that are already listed there may return to China if they cannot comply with the rules, an investor told CNBC.in one of the most highly anticipated initial public offerings.
"We do expect to see fewer Chinese ADRs listing in the U.S.," Kathleen Smith, principal and co-founder of Renaissance Capital, said on CNBC's ""We are seeing a rush of them now because there are some new SEC rules being put into effect that are going to require all U.S.-listed companies to abide by the financial oversight of the accounting rules here," she added.
Chinese companies would do anything to comply with SEC regulations and be listed on US exchanges. It’s access to the biggest, most efficient, capital market in the world. Also, gives them legitimacy. The big-time. It’s the CCP that is pulling the string. Get real RC.
Good stay on you side of the fucking ocean
Renaissance Capital is an emerging and frontier markets focused investment bank founded in 1995 in Russia. Hmmm...
So?...
No, please, we need TONS more Chinese companies on the Nasdaq!!
Bad news for the US, great news for the Shanghai stock exchange.