News Snapshot:
ZKH Industrial Supply (Shanghai) Co , operator of an e-commerce platform for industrial products, has been given the green light by Beijing to proceed with its initial public offering in the United States, according to China’s state media, after mainland authorities signalled a new approach to end the long-standing stalemate with the US over corporate audits. The China Securities Regulatory Commission (CSRC) said in an online meeting with some US-listed Chinese firms on Sunday that it has “no objection” to the IPO plans of ZKH, assuring that overseas listing for mainland companies remains a “smooth” process, according to a report...
