Sudden! Reuters: The US Securities and Exchange has suspended processing of Chinese companies' IPOs and other securities issuance in the US
The US Securities and Exchange has suspended processing of Chinese companies' IPOs and other securities issuance in the US.
U.S. REGULATORS FREEZES CHINESE COMPANY IPOS OVER RISK DISCLOSURE, REUTERS CITES SOURCES
The US Securities and Exchange has suspended registration procedures for Chinese companies' IPOs and other securities offerings in the US. The SEC is drafting new guidelines to disclose to investors the risks of Beijing's new regulatory crackdown. The article mentioned the DiDi listing incident and China's crackdown on the counseling industry. So far this year, the scale of Chinese companies' listings in the US has reached a record $12.8 billion.
The Securities and Exchange Commission requires that Chinese companies listed in the US must disclose the risk of the Chinese government interfering in business, included in regular reports, and disclosure guidelines are being drafted. Do not submit any securities issuance registration requests until specific guidelines have been formulated. It is currently unclear how long it will take to finalize the contents of the guidelines.
The SEC has asked companies not to submit any registrations for the undertakings of securities until it gives them specific guidance on how to assess the risks they face in China, the sources Said. It was not immediately clear how long this would take
$Alibaba(BABA.US$
$DiDi Global (Delisted)(DIDI.US$
$Baidu(BIDU.US$
$iQIYI(IQ.US$
$JD.com(JD.US$
U.S. REGULATORS FREEZES CHINESE COMPANY IPOS OVER RISK DISCLOSURE, REUTERS CITES SOURCES
The US Securities and Exchange has suspended registration procedures for Chinese companies' IPOs and other securities offerings in the US. The SEC is drafting new guidelines to disclose to investors the risks of Beijing's new regulatory crackdown. The article mentioned the DiDi listing incident and China's crackdown on the counseling industry. So far this year, the scale of Chinese companies' listings in the US has reached a record $12.8 billion.
The Securities and Exchange Commission requires that Chinese companies listed in the US must disclose the risk of the Chinese government interfering in business, included in regular reports, and disclosure guidelines are being drafted. Do not submit any securities issuance registration requests until specific guidelines have been formulated. It is currently unclear how long it will take to finalize the contents of the guidelines.
The SEC has asked companies not to submit any registrations for the undertakings of securities until it gives them specific guidance on how to assess the risks they face in China, the sources Said. It was not immediately clear how long this would take
$Alibaba(BABA.US$
$DiDi Global (Delisted)(DIDI.US$
$Baidu(BIDU.US$
$iQIYI(IQ.US$
$JD.com(JD.US$
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Grogu : this is bad news...DiDi is going down.
102161546 : didi is still up a lot from yesterday …
Silan Sam : that one for new ipo, don't confuse and create panic