Didi spurned Chinese regulators, who wanted to delay its U.S. IPO

  Weeks before Didi Global Inc. went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. But for Didi DIDI, -5.30%, waiting would be problematic.Read More →

  Demand for DeFi appears to be growing in China, although the recent sell-off quickly wiped out the $2 billion total value locked up in the decentralized finance (DeFi) space. Daily searches for “DeFi” on WeChat, China’s popular social media platform, soared to an all-time high of nearly 900,000 onRead More →

By Echo Wang and Joshua Franklin (Reuters) – Nasdaq Inc (O:) is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers. Nasdaq’s attempt to limit these stock market flotations comes asRead More →

(Reuters) – The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official. “The administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time,” Bloomberg quoted https://bloom.bg/2obHkDb Treasury spokeswomanRead More →

Hong Kong’s Hang Seng Index saw an opening advance quickly fade on Monday, led by AAC Technologies as it extended last week’s losses with a 3.2% drop in morning trading. The Hang Seng HSI, -0.86% recently was off 0.8%. Chinese pharma stocks contributed to the early losses with Sino BiopharmaceuticalRead More →