تخطى إلى المحتوى الرئيسي

المشاركات المكتوبة بواسطة Johnson Tivey

STONEHAGE FLEMING GLOBAL: £1.9bn fund plays the long game

STONEHAGE FLEMING GLOBAL: £1.9bn fund plays the long game

Finch is pictured with his wife Elli Johnston Craig Young told Sydney's Downing Centre District Court he did not believe Finch had any sexual in children but had a drug problem and said he was willing to help him recover from his addiction.

Chinese firms raised $12.8 billion in the United States in the first seven months of last year, but the deals halted after the New York debut of Didi Global in late June triggered a regulatory backlash by Beijing.

China and the United States are making progress in coordinating regulations governing Chinese companies listed in New York, CSRC Vice Chairman Fang Xinghai told foreign financial institutions at a meeting website last month.

'The risk premium was too high,' he says. The proceeds were invested in Dutch company ASML, a provider of equipment to the semiconductor industry. Smit's response was to offload the fund's holding in Tencent.

SHANGHAI/HONG KONG, Feb 14 (Reuters) - At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a months-long freeze after an unprecedented clampdown last year by Chinese regulators.

Although Smit accepts concerns that shares in many technology companies are overpriced, he believes his approach means the fund steers clear of those businesses where share prices have got ahead of themselves.

New rules website by the Cyberspace Administration of China (CAC) take effect on Tuesday, requiring a security review of all platform companies with data on more than 1 million users before they list overseas.

However, the plans are for initial public offerings (IPOs) of small size, ranging from $1 million to $35 million, and are unlikely to trigger a slew of sizeable debuts soon, as companies await more clarity on new offshore listing rules, bankers said.

and Chinese regulators hope legitimate, law-abiding companies like us can grow bigger and stronger through listings," Zhang Jiulin, chairman of insurance broker Hengguang Holding Co, told Reuters.

Some smaller Chinese companies are now reviving efforts to sell shares in the United States, confident they are not targeted by the new rules seeking to block offshore listings by firms handling large amounts of data or posing national security risks.

I don't see any real easing any time soon," said one equity capital markets banker based in Hong Kong, citing uncertainty about the rules, including security review for firms with data on more than 1 million users. "The filings are too small to be of relevance.

  • مشاركة