China mulls tighter rules for firms listing overseas
Bloomberg
China’s securities regulator is weighing tighter rules for companies seeking to list in Hong Kong or overseas, a move that could hit technology firms already smarting from months of clampdowns, people familiar with the matter said.
The China Securities Regulatory Commission is considering proposals that would require firms seeking initial public offerings (IPOs) outside mainland China to submit listing documents to ensure they are compliant with local laws and regulations, the people said.
The scrutiny would also seek to prevent any leaks of sensitive data that might be of national security interest, the people added, requesting they not be identified as the matter is private.
Social commerce accounted for about 44% of South-East Asia’s US$109bil (RM448.53bil) e-commerce market last year, according to Bain & Co. Coffee photo created by jcomp - www.freepik.com
Samantha Proyrungtong, co-owner of an artisan food shop in downtown Bangkok, keeps three phones and a laptop glued to Facebook and Softbank Group-backed Line Corp’s social-media app throughout the workday. She needs them not to hear from friends and relatives but to get orders from customers since her shop, Vivin Grocery, relies on chat applications for a big part of its sales of goat cheeses, locally sourced jams and organic vegetables.
China approves ETFs tracking HK-listed tech giants - state media Toggle share menu
Advertisement
China approves ETFs tracking HK-listed tech giants - state media China has approved domestic fund managers first exchange-traded funds (ETFs) based on Hong Kong s Hang Seng TECH Index, state media said on Friday, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent.
FILE PHOTO: Chinese and Hong Kong flags flutter next to bull statues outside the Hong Kong Exchanges, following the COVID-19 outbreak, at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/File Photo
07 May 2021 10:25AM Share this content
TMX trading drops in April by most since before pandemic
Brooke Thackray s Top Picks: May 5, 2021
Tech leads stock losses as vaccine makers decline
Brian Madden s Top Picks: May 4, 2021
Warren Buffett wants to make you happier, smarter and richer
Brendan Caldwell s Top Picks: May 3, 2021
Stocks pare gains into close as Nasdaq 100 drops
Chasing red-hot profit growth is a recipe for stock-market pain
Stocks that soared on COVID treatments are coming back to Earth
Eric Nuttall s Top Picks: April 30, 2021
Stocks pare biggest monthly rally since November
Doing the right thing pays off for ethical investors
How to build a portfolio that outperforms for a century
Exclusive: China s Tencent in talks with U S to keep gaming investments - sources netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.