Chinese Companies Overseas Listings Are Normalising-Yicai

Chinese companies’ overseas listing activities have gradually normalised, with 23 U.S.-listed Chinese companies successfully shifting to Hong Kong for secondary listings to cope with the delisting risk, Yicai.com reported. There are 251 Chinese companies listed in the U.S., mainly technology and consumer firms, with a total market value of USD1.71 trillion. And 42 of them meet the requirements of secondary listing in Hong Kong, accounting for 46% of the total market value, the newspaper said. While many companies are still lining up for Hong Kong, Europe has also become a popular option for going public, as audit requirements in Switzerland are less stringent than in the U.S., the newspaper said.