Chinese companies are finding it challenging to get timely regulatory approvals for overseas share offerings as scrutiny of their proposals has intensified under new listing rules, frustrating potential issuers and investment bankers.
Since the launch of the overhauled listing regime on March 31, not a single Chinese firm has gone through the process and successfully listed in their favoured destinations of Hong Kong or the U.S., publicly available data showed.
The Chinese securities regulator has accepted offshore listing filings from 14 companies as of June 15, and is awaiting additional documents from 38 other firms for their filings to be accepted, public disclosures showed.Only two firms - self-driving technology firm iMotion Automotive Technology and food company Shiyue Daotian Group, have successfully completed their listing filings with the securities regulator to float shares in Hong Kong, showed the disclosures.
JD.com was hoping to list at least one of the units by mid-year, said one of the people. The earliest the IPOs can happen now is the third quarter, given the pending approvals, the sources said.JD.com did not respond to a request for comment.The new listing regime requires CSRC to respond within 20 working days upon accepting an issuer's listing filing.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bybit Scores Preparatory License by Dubai's Virtual Assets Regulatory AuthorityAnother expansion for Bybit_Official! This time - Dubai. What could we expect from the crypto exchange? Read more here -
Baca lebih lajut »
AX1 Syndicate Research on Global Regulatory Dynamics for Crypto – Press release Bitcoin NewsPRESS RELEASE. The AX1 syndicate has conducted an in-depth review of the latest legal developments in the cryptocurrency space, with particular attention
Baca lebih lajut »
Dubai: Launching a Crypto Regulatory Arm to Become a Global Financial PowerThe center of the crypto universe has been shifting toward Dubai since March 2022, when the UAE announced the world’s first independent crypto regulator: the Virtual Asset Regulatory Authority. With its stated intention to provide legal clarity for crypto, the No. 5 spot in CoinDesk’s Crypto Hubs 2023 has attracted jurisdiction shoppers such as Binance CEO Changpeng Zhao and crypto exchange WazirX.
Baca lebih lajut »
Horizen Scraps Privacy Coin Moniker Amid Regulatory Scrutiny.horizenglobal has scrapped its privacy coin moniker after regulatory scrutiny over the asset class and has deprecated its mainchain shielded pools. Reporting by oknightcrypto.
Baca lebih lajut »
Wyoming: Regulatory Clarity and Crypto-Friendly Banks Fuel Blockchain RevolutionAmerica’s least populous state has passed three dozen laws regulating crypto. That has helped attract crypto, blockchain and Web3 employers and made the No. 7 spot on CoinDesk’s Crypto Hubs 2023 the most crypto-friendly state in an otherwise uncertain U.S. regulatory environment.
Baca lebih lajut »
WSJ News Exclusive | FTX Begins Talks on Reboot Amid Regulatory Crackdown on Crypto ExchangesFTX is moving ahead with efforts to revive its flagship international crypto exchange, even as new details of past misconduct and fraud come to light
Baca lebih lajut »