Wang Yibo, an associate professor of the School of Economics and Management of the University of Hong Kong, told the United Zard that China -stock enterprises seeking non -US markets for financing are a last resort. "But for technology companies, for technology companies,There is no more attractive stock market in the world today. "
Reuters on Thursday (December 29) quoted sources as saying that including Chinese e -commerce giants Pinduoduo and truck transportation service logistics platform Manbang Group and other Chinese companies in the United States have put on a discussion of listing in Hong Kong, indicating theseThe company may no longer think that it is necessary to hedge the risk of future supervision.
Scholars of interviewees believe that this may be related to the agreement reached by China and the United States on the previous audit of Sino -US stocks. Enterprises with low sensitivity to audit or benefit from the agreement.It is said that it is still much higher than other listed areas.
The US Securities and Exchange Commission (SEC) passed the new rules of accountability and law in December last year. It requires that Chinese companies must accept the audit and audit of the US -listed company Accounting Supervision Committee (PCAOB), otherwise they may be delisted within three years.Just last Saturday (December 24), the U.S. Congress shortened the buffer time to two years.
SEC announced on May 4 this year that 88 Chinese stocks including Pinduoduo will be added to the "pre -delivery" list.
However, China and the United States reached an agreement on August 26 this year. The China Securities Regulatory Commission arranged for Chinese companies and their accounting firms listed in the United States to transfer their audit drafts and other data from the mainland to Hong Kong.examine.
Chen Bo, dean of Wuhan Optics Valley Free Trade Research Institute, was judged in an interview with Lianhe Morning Post. For some industrial enterprises that do not involve major national security, China and the United States may have reached a certain agreement between China and the United States.The uncertainty will be greatly reduced.
PCAOB shows that on the 15th of this month, they have been fully inspected and investigated the authority of the audit documents of Chinese companies for the first time, eliminating the risk of about 200 companies that may be driven out of the US stock market.
Wang Yibo, an associate professor at the School of Economics and Management of the University of Hong Kong, told the United Zard that China -speaking companies seeking non -US markets for financing were as a last resort.To attract people's stock markets. "
However, Wang Yibo's living environment for the future of China stocks is not optimistic, pointing out that the exchanges between China and the United States in the fields of economy, trade, finance, technology and other fields are difficult to disconnect, but the trend of gradually decoupling is difficult to reverse.I have to "share common" and "only say that it has not deteriorated in the short term (living environment)."
As the United States released the list of "pre -delivery" in the first half of this year, some analysts believe that Hong Kong is becoming a "shelter" after China ’s stocks are delisted in the United States.
Pinduoduo and other companies put on hold on the listing of listing in Hong Kong.
Chen Bo believes that the participation of Chinese stocks has a small impact on Hong Kong's "shelter" status, and the impact of the epidemic sealing control is greater. With the relaxation of the control and re -connection with the world, the positive impact on Hong Kong will coverThe negative effects of Chinese stocks have.
Wang Yibo believes that based on the overall direction of Sino -US relations, more and more mainland companies will use Hong Kong as one of the priority options for listing. In the future, Hong Kong's role in overseas financing of land enterprises will also increase.
But he also believes that "mature entrepreneurs will not eliminate the most attractive capital market in the world in the world."
