(AF) Beijing’s clampdown on Didi Chuxing after its listing in the US has prompted backers of New York IPOs by Chinese firms to redirect them to Hong Kong instead, the Financial Times reported.
Hong Kong’s stock exchange is exempt from some of the most stringent Chinese rules on overseas listings and is considered a good alternative to avoid similar post-sale interventions for the $1.4 billion of IPOs planned by about 20 firms, the report added. Full story: Financial Times.
