China private firms shun U.S. as..............>

CHINA: China private firms shun U.S. as investment, IPO destination, survey

shows (RTRS)

- Chinese private firms are shunning the United States in their overseas

expansion, and generally prefer a home listing to a U.S. initial public offering

(IPO), a private survey showed on Tuesday, highlighting the trade war's impact

on executive decision-making. The survey is released at a time when U.S.

politicians are calling for tighter scrutiny over Chinese investment and

capital-raising, while Beijing is encouraging domestic listings by Chinese

companies. Last week, the U.S.-China Economic and Security Review Commission

(USCC) proposed measures restricting U.S. capital flows towards Chinese

companies. Despite the trade tensions, Chinese CEOs remain committed to global

expansion, but have shifted their focus from the U.S. to Southeast Asia, Europe

and Africa, according to a survey conducted jointly by China's prestigious

Tsinghua University and Marcum Bernstein and Pinchuk LLP (MarcumBP), a leading

auditor for U.S.-listed Chinese companies.

- Link: https://tinyurl.com/rwsbarf