People familiar with the matter said that the e -commerce platform Pinduoduo and the Logistics Platform Manfang Group, which are mainly listed in the United States, have been put on hold or cancel the plan to list in Hong Kong.This means that these companies may no longer feel the need for regulatory risks to hedge in the future.
Phoenix.com quoted people familiar with the matter reports that Pinduoduo, a $ 100 billion ($ 135 billion) in Nasdaq, has suspended discussions on listing in Hong Kong.At the same time, the Manbang Group, which is listed on the NYSE and a market value of $ 9 billion, canceled the long -term plan to be listed in Hong Kong in January next January this month.
Both companies have not disclosed such plans before.Pinduoduo and Manbang Group have not yet commented.
Before the two companies decided to use New York as the only place of listing, the US -listed company's accounting supervision committee stated on December 15 that it had obtained the authority of a comprehensive inspection and investigation of the audit documents of Chinese companies for the first time, eliminating approximately approximately about about about200 Chinese companies may be risked out of the US stock market.
The China Securities Regulatory Commission responded in December this year that the two parties made full communication and coordination on the inspection and investigation plan plans.Relevant personnel of accounting firms conducted interviews and inquiries.
In the past few years, Chinese companies such as Alibaba Group and Baidu have achieved dual listing or second listing in Hong Kong to hedge the risk of down the market in the United States.
