US SEC: Suspension of IPO procedure for Chinese companies: Investigating Didi
-Decoupling “How does China work?”-
“The Epoch Times” (August 4th):
An article entitled “US SEC Suspended IPO Procedures for Chinese Companies: Spurring US-China Financial Decoupling” was posted.
US SEC:
On July 30, it announced that it would suspend registration procedures for initial public offerings (IPOs) and sales of securities of Chinese companies in the US market.
China tightens regulations on private companies:
Chinese security and police authorities:
For Didi
Cyber security measures and
To find out about the collection of personal information
I went into the office and investigated.
China is currently tightening regulations on private companies.
Against this risk of tightening regulations in China
Until new investor guidance is created
Suspend the registration process of Chinese companies in the US market.
SEC policy has spurred US-China financial decoupling.
US-listed Chinese companies:
China’s securities regulators have expanded a series of crackdowns.
The market capitalization of US-listed Chinese companies has fallen by about $ 400 billion (44 trillion yen).
It’s no wonder SEC is cautious about new listings of Chinese companies.
US Investors Sell Chinese Stocks:
Concerned about the strict crackdown by Chinese authorities,
US investors are selling Chinese stocks.
Nasdaq Golden Dragon China Index
Until July 29, the Chinese stock Nasdaq Golden Dragon China Index has plummeted 20% over the past week.
Education-related Chinese stocks fall:
In addition, Chinese authorities announced on the 26th that they will ban the establishment of commercial cram schools.
As a result, education-related Chinese stocks fell by 60-78%.
World view of Toshiyoshi Katsumata
http://hisayoshi-katsumata-worldview.com/archives/27085600.html
US SEC suspends IPO procedures for Chinese companies, spurring US-China financial decoupling