Chinese technology stocks listed in the US are set for their worst month since the global financial crisis after investors dumped shares following a regulatory crackdown by Beijing, reported the Financial Times. The Nasdaq Golden Dragon China index, which tracks Chinese tech stocks listed in New York, has fallen 22% in July, putting it […]
Category: Markets
China’s Didi Global is considering going private to placate Chinese authorities and compensate investor losses since the ride-hailing firm listed in the United States, reported the Wall Street Journal. The company has been mulling delisting plans as crackdown in China widens and it has received support from cybersecurity regulators, said WSJ sources. Didi has been in […]
China’s securities regulator has sought to ease concerns among international investors and banks after tough new restrictions on private education companies sent shockwaves through markets, reported the Financial Times. Regulators in Beijing held a call with executives from global investors, Wall Street banks and Chinese financial groups on Wednesday night, according to three FT sources. […]
Chinese bike-sharing giant Hello has formally scrapped plans for a US initial public offering, becoming one of the first big casualties of Beijing’s crackdown on overseas listings, reported Bloomberg. The company requested a withdrawal of its registration for a US share sale, saying it no longer wanted to conduct the offering at this time, according […]
China’s state media are on a mission to talk up the battered stock market and reassure rattled investors after a rout on Monday that erased more than $570 billion from Chinese stocks listed at home and abroad, reported the South China Morning Post. The panic sell-off provides an opportunity to “buy on dips” – meaning to invest in stocks […]