China's securities regulator has moved to clamp down on U.S. stock listings by small homegrown companies amid concerns that many of these firms have been used as vehicles for price-rigging, inflicting significant losses on U.S. investors, according to the Financial Times.
The China Securities Regulatory Commission (CSRC) has announced its intention to impose "tighter control" over the U.S. listings of Chinese companies with small market capitalizations and weak fundamentals. Sources close to the regulator told the Financial Times that such companies are particularly prone to market manipulation.
This regulatory action comes in response to multiple cases where small Chinese firms listed on U.S. exchanges were implicated in price manipulation schemes. The CSRC's crackdown aims to protect investors by preventing companies that are vulnerable to manipulation from accessing foreign capital markets without stricter oversight.
Analysts say the move reflects broader efforts by Beijing to enhance financial market supervision and restore confidence among international investors. The impact of these new measures could be far-reaching, potentially limiting the options for Chinese companies seeking to raise capital in the United States.
Details on the timeline for implementing these tighter controls have not been disclosed, and Chinese officials have not yet provided further comment on the matter. U.S. regulators and investors will be closely watching as this development unfolds, assessing its implications for cross-border listings and market stability.
Ukrainian President Volodymyr Zelenskyy said Kyiv was ready to halt strikes on Russian energy facilities if Moscow stops targeting Ukraine’s ...
When U.S. President Donald Trump welcomes Chinese President Xi Jinping to the White House on 24 September, trad...
Seven Ethiopian armed groups, including former enemies from the 2020-2022 civil war, have formed an alliance ai...
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
Iran's military has threatened to launch sustained attacks on U.S. bases and interests across the Middle East if Washington resumes military action against Tehran.
The death toll from an overnight Russian attack on the Kyiv region rose to four, including three children, Kyiv regional authorities said on Sunday. A mother and her two 3-year-old children were killed when a Russian drone strike hit a private home, the emergency service said.
Overnight Russian strikes on the city of Sumy, northeast Ukraine, have killed one woman and injured a man, the country's State Emergency Service has said.
Russian parliamentary elections have delivered a comfortable win to the ruling United Russia party, which is closely aligned to President Vladimir Putin. With more than 95 per cent of ballots counted, United Russia has taken 57.83 per cent of the vote, up from the 49.8 per cent it won in 2021.
Warren Buffett has stepped down as chairman of Berkshire Hathaway, marking the end of one of the most influential leadership tenures in corporate history and completing a succession process that has been years in the making.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment