Sumary of Banks are reportedly scrambling to move IPOs of Chinese companies from New York to Hong Kong after regulators cracked down on overseas listings:
- Investment banks are scrambling to divert Chinese IPOs away from the US market and into Hong Kong as the government’s crackdown on foreign listings spreads, according to a Financial Times report.
- TOP VIDEOS FOR YOU Bankers who spoke with the FT said clients are exploring moving listings to Hong Kong but are also wary of the hurdles.
- Hong Kong-specific regulatory requirements and the inherent uncertainty of going first were among the leading concerns.
- “We’re speaking to everyone about it,” one Hong Kong-based investment banker told the FT.