China Calls for More Communication With U.S. on Overseas IPOs

The New York Stock Exchange during the NYSE Summer Series program in New York, U.S., on Thursday, July 15, 2021. The series, which will run through Labor Day, brings the elements of trading floor excitement at the NYSE to Experience Square, the 7,000-square-foot cobblestone area in front of the historic exchange building on Broad Street in lower Manhattan. Photographer: Amir Hamja/Bloomberg , Bloomberg

Bloomberg News, Bloomberg News

Aug 1, 2021

Share

(Bloomberg) -- China called for more communication with the U.S on the regulation of Chinese companies that are listed there and sought “proper solutions” to manage policy expectations and a good environment.

The China Securities Regulatory Commission issued a statement after the U.S. Securities and Exchange Commission, responding to Beijing’s clampdown on private industry, halted initial public offerings of Chinese companies until they boost disclosures of risks posed to shareholders.

SEC Chief Blocks Chinese IPOs Until Risks Better Disclosed

©2021 Bloomberg L.P.