News Snapshot:
World Business New regulations concerning listings of Chinese firms on foreign exchanges are likely to mean that Beijing aims to put a lid on the US IPO market altogether, market experts say. The Chinese State Council said in a recent statement that all businesses with 1 million or more users will have to get approval from the country’s cybersecurity regulator if they want to list overseas. Prior to that, Beijing also announced plans to amend the rules of “ the overseas listing system for domestic enterprises ,” as well as to enforce control of cross-border data flows and security. These...
