Another Chinese company listed in the United States went to Hong Kong to "go home".
According to the Wall Street Journal, the stock of Lujin Institute of China Online Loan Platform supported by the insurance giant China Ping An started trading on Friday (April 14) in the Hong Kong Stock Exchange, which rose 3.7%on the same day to 34.75Hong Kong dollar (about S $ 5.89).
The US deposit voucher of Lujin Institute has evaporated a market value of more than 80%since the market valuation of about $ 33 billion (about S $ 43.9 billion) in October 2020.
A few days before the listing of Lu Jin's New York, the large -scale public fundraising (IPO) of the financial technology giant Ant Group was suspended by the Chinese government.China's financial regulatory agencies subsequently tightened the regulations on the country's online loan institutions.
It is reported that more than a dozen Chinese companies listed in the United States have been listed in Hong Kong since 2021.Lu Jin Institute is listed in the way of "introduction". This method does not need to raise funds or issue new shares.
