China Plans to Ban U.S. IPOs for Data-Heavy Tech Firms
— SPAC Track (@SPACtrack) August 27, 2021
"The new rules have yet to be finalized. The CSRC plans to implement them around the fourth quarter, and have asked some companies to hold off on overseas IPOs until then, the people said."https://t.co/l0KiedVqbA https://t.co/8QSuYDsDnX
China plans to ban U.S. IPOs for data-heavy tech firms.
— Arjun Kharpal (@ArjunKharpal) August 27, 2021
Key part from @QiZHAI: Chinese leaders consider sectors such as the internet, telecommunications and education sensitive because of political or national-security concerns https://t.co/fhflyiAtOQ
This is huge. Possibly the end of US listing/capital access for Chinese tech ? For what VIEs are and what happens China cracks down VIEs in a specific sector read this https://t.co/XtDjDROmlg https://t.co/FiKr1f4MmZ
— Matthäus Krzykowski (@matthausk) August 27, 2021
In recent weeks, officials from China’s stock regulator have told some companies and international investors that new rules would prohibit internet firms holding a swath of user-related data from listing abroad, people familiar with the matter said https://t.co/mIiccLLefq
— WSJ China Real Time (@ChinaRealTime) August 27, 2021
China’s battle to control access to its data widens, with its stock regulator looking to thwart data-heavy Chinese tech companies from U.S. IPOs. https://t.co/3LEWwBjFbi
— Lisa Abramowicz (@lisaabramowicz1) August 27, 2021
Important read. Hard not to view the “consumer data” issue as a red herring (?), simply because US investors don’t actually get much data (especially due to accounting rules). Either way, the SEC was trying to end it … now China is. End of VIE??? https://t.co/RH2pjV9F74
— Bill Gurley (@bgurley) August 27, 2021
Crazy not to see the consumer data issue as important. The crazy part is US investors don’t usually get much data. I think SEC was trying to end it during the Trump administration but China did it first. https://t.co/mLAPwVtK14
— S A S (@shedcliff) August 27, 2021
China reportedly weighs ban on U.S. IPOs from domestic tech companies with sensitive data https://t.co/tRCjSeLaXc
— CNBC Tech (@CNBCtech) August 27, 2021
Also I didn't put this in there but I don't think this is news? “China reportedly weighs ban on U.S. IPOs from domestic tech companies with sensitive data”
— Rui Ma 马睿 (@ruima) August 27, 2021
The answer is Hong Kong ?https://t.co/XwN34D0DIh
China reportedly weighs ban on U.S. IPOs from domestic tech companies with sensitive data https://t.co/ca1TJ4wpyr
— CNBC International (@CNBCi) August 27, 2021
China reportedly weighs ban on U.S. IPOs from domestic tech companies with sensitive data https://t.co/y5UA3zAZkj
— CNBC (@CNBC) August 27, 2021
China will propose new regulations to block companies with large amounts of sensitive consumer data from floating shares in the U.S., Dow Jones reported https://t.co/mxaW8rESjg
— Bloomberg Next China (@next_china) August 27, 2021