China has announced new rules on overseas IPOs, potentially sparking the resumption of Chinese companies listing in New York.
Under the new rules, the China Securities Regulatory Commission (CSRC) will vet any overseas listing applications, effective from March 31. The regulator has the power to block such IPOs, and the rules make clear listings must not endanger national security.
Source: finance.yahoo.com
Related posts:
Why Super Micro Computer, Advanced Micro Devices, and Other Artificial Intelligence (AI) Stocks Tumb...
California Sees Record $97.5 Billion Surplus, Driven by the Rich
Elon Musk says his biggest Tesla competition will be a Chinese automaker: ‘They work the smartest’
Panic-buying signs emerge---not selling---in Tuesday trade despite sharp tumble for broader stock ma...
The stock market is depressed, and apparently that's great