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Page 17 - புதியது யார்க் பட்டியலிடப்பட்டுள்ளது News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China s crackdown on US listings threatens $2 7trn market

China’s crackdown on US listings threatens $2.7trn market US listings could become far more difficult for Chinese companies, particularly those whose businesses depended heavily on data — if they were allowed at all. Hudson Lockett and Tabby Kinder Jul 8, 2021 – 11.36am Save Share Hong Kong | Beijing has sent shockwaves through global financial circles with plans to tighten restrictions on overseas listings of Chinese companies, in a development that could threaten more than $US2 trillion ($2.7 trillion) worth of shares on Wall Street. But the vague and sprawling nature of the announcement on Tuesday, which followed a crackdown on New York-listed ride-hailing group Didi, has sown confusion among traders and investment bankers. Chinese companies are already reconsidering US listings, hitting a lucrative trade for American banks.

Chinese EV Maker XPeng Rises in Hong Kong Dual Listing Debut

Chinese EV Maker XPeng Rises in Hong Kong Dual Listing Debut Filipe Pacheco and John Cheng, Bloomberg News (Bloomberg) XPeng Inc. edged higher in its Hong Kong trading debut after becoming the first Chinese electric-vehicle maker to finish a so-called homecoming share sale that raised $1.8 billion. The shares opened at HK$168 on Wednesday, 1.8% above their offer price of HK$165 each. The company went public in the U.S. last August, and its New York-listed shares have almost tripled from their IPO price. XPeng’s Hong Kong debut comes as China’s expanded crackdown on the technology industry has dealt a blow to global investors. The nation’s cyberspace regulator is investigating Didi Global Inc. China’s version of Uber and two other firms that recently debuted on Wall Street. The State Council on Tuesday vowed to tighten oversight of data security and overseas listings.

South Africa s tourism happily raking in extra dollars as rand plummets

South Africa s tourism happily raking in extra dollars as rand plummets
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