Global Trade Alert! No IPO for Chinese Companies in America
American business authorities suspend IPO for Chinese companies in America, signaling another global trade tension between the two! There will be no Chinese companies in the U.S. stock exchange entering an IPO anytime soon, as per U.S regulatory authorities.
As per Reuters, The U.S. Securities and Exchange Commission (USSEC) suspended processing applications from Chinese companies either for their U.S. initial public offerings (IPO) or other securities sales. The market situation seems terse with this new conflict in the row.
The U.S. Securities and Exchange Commission (USSEC) is America's apex trade authority that has decided to craft new regulations for Chinese companies in the U.S. based on the recent financial experience of many American investors in Chinese companies.
On July 30, 202...