News Snapshot:
In a Sunday meeting with US-listed Chinese firms, the China Securities Regulatory Commission (CSRC) gave the green light to the US listing plan of ZKH, a Chinese e-commerce platform for industrial products, China Securities Journal reported on Monday. The move comes one week after the regulator softened its stance on the overseas listing of Chinese companies in an attempt to boost market confidence and the country’s economy. The Alibaba- and Tencent-backed company is in discussions with investment banks including China Renaissance and Goldman Sachs, as it prepares for a US IPO valued between $300 million and $500 million. [China Securities...
