Chinese Firms Show Resilient Interest in U.S. IPOs Despite Regulatory Hurdles

NEW YORK, Dec. 4, 2023 /PRNewswire/ - Despite regulatory challenges and geopolitical tensions, there is a sustained interest among Chinese companies in listing on U.S. stock exchanges. This trend is indicative of the global financial clout and reputation of U.S. capital markets, which offer Chinese firms access to a wider investor base and potentially higher valuations than domestic or other international exchanges. VCI Global Limited, Tencent Holding Ltd., Lufax Holding Ltd, Qifu Technology, Inc. This ongoing interest, despite regulatory and geopolitical headwinds, underscores the strategic importance and perceived benefits of U.S. listings for Chinese companies. As noted by Kobe Ge, head of China at the New York Stock Exchange, despite the negative impact last year from Covid-19 restrictions and U.S. regulatory uncertainty, many of those issues are now resolved and "We still see very strong interest from Chinese businesses for listing in the U.S.," he told CNBC's East Tech West conference in the Nansha district of Guangzhou, China earlier this year. "During the quarter, despite the macro uncertainty, we continued to improve our operational efficiency and drive for better economic returns. At the end of the third quarter, our total cash and cash equivalent was approximately RMB8.2 billion, and we generated approximately RMB1.2 billion cash from operations. Our strong financial positions not only enable us to drive quality growth, but also allow us to deliver attractive shareholder returns through dividend payout and share repurchase." FinancialBuzz. com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. FinancialBuzz. com is either original financial news or paid advertisements provided by our affiliates, FinancialBuzz. com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies.