• Banks are reportedly scrambling to move IPOs of Chinese companies from New York to Hong Kong after regulators cracked down on overseas listings

    4 days ago - By Business Insider

    Martin Puddy/Getty Images
    Regulators' harsh response to Didi's IPO has forced the 20 or so Chinese companies that had plans to go public in New York to re-evaluate, according to a Financial Times report .
    34 Chinese firms raised $12.4 billion in New York capital markets in the first half of this year, according to Dealogic data.
    Data-oriented companies have been most eager to plan for Hong Kong listings, in large part because the mainland government's crackdown has centered around data privacy.
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  • Didi shares drop on report China is planning unprecedented penalties

    4 days ago - By CNBC

    Bloomberg News reported China is planning a slew of punishments against Didi, including a fine likely bigger than the record $2.8 billion that Alibaba paid,
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