Exclusive: Nasdaq cracks down on IPOs of small Chinese companies

) are other examples of Chinese companies that listed on Nasdaq in the last two years with more investors from China snapping up their shares than from the United states, according to sources close to the companies. Ruhnn, Puxin, and Dogness did not respond to requests for comment.

At a time of escalating tensions between the United States and China over trade and technology, Nasdaq’s curbs on small Chinese IPOs represent the latest flashpoint in the financial relationship between the world’s two largest economies. In June, U.S. lawmakers introduced a bill, which has yet to be adopted, that would force Chinese companies listed on American stock exchanges to submit to regulatory oversight, including providing access to audits, or face delisting.

Nasdaq also said in June that it may delay the U.S. listing of a company that does not demonstrate a strong enough nexus to the U.S. capital markets, including having no shareholders, operations, management or board members with links to the United States.

Good luck!! They will destroy our market in due time if we let them get away with what they want. Does man ever learn.

It’s not safe to do businesses with Chinese companies. Remember CCP can fire CEO and labor union in cathaypacific just because they supported HK protests. Also, there are too many black doors from Chinese devices and apps.

Good. It’s unbelievable that we allow Chinese companies (and their lobbyists) to avoid the same level of scrutiny we force upon US companies. F’ing absurd on every level.

China70years goodmorningccp

Chinese companies should be subject to the same financial regulations as American companies if they want to be listed here.

吵什么

antichinazi antitotalitarianism freehongkongfromchina

antichinazi antitotalitarianism

antichinazi antitotalitarianism

DEER_ECHO_ JF I'm not sure why people view China's money as being worth anything...it is just created by the government on the Internet.

DEER_ECHO_ JF Is White socialism the only way to compete with China? Do the white communists surrender their vision of individualism, capitalism and free markets? POTUS said the markets would fall if he was impeached ... then he tried to delist Chinese stocks and the market fell...

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