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Chinese IPOs in New York will gain pace again

Monday, March 27, 2023


This was the highest-value Chinese IPO in New York since China's ride-hailing giant Didi was fined over CNY8bn (USD1.2bn) in July last year for listing against the express instructions of the Cyberspace Administration of China (CAC).


  • The major loophole that major Chinese tech firms have used for listing overseas is now condoned and legalised, but subject to more scrutiny.
  • US regulators now seem sufficiently satisfied about their access to Chinese audit data, potentially ending a years-long dispute.
  • Listing in Hong Kong remains available and attractive to Chinese firms, but rules there can be even stricter than in New York.

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