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NASDAQ raise IPO barriers for Chinese firms

Reuters
Reuters5/19/2020 12:38 PM GMT+08  • 4 min read
NASDAQ raise IPO barriers for Chinese firms
Does this spell the beginning of US-China financial decoupling?
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(May 19): Nasdaq Inc (NDAQ.O) is set to unveil new restrictions on initial public offerings (IPOs), a move that will make it harder for some Chinese companies to debut on its stock exchange, people familiar with the matter said on Monday.

While Nasdaq will not cite Chinese companies specifically in the changes, the move is being driven largely by concerns about some of the Chinese IPO hopefuls’ lack of accounting transparency and close ties to powerful insiders, the sources said.

At a time of escalating tensions between the United States and China over trade, technology and the spread of the novel coronavirus, Nasdaq’s new curbs on Chinese IPOs represent the latest flashpoint in the financial relationship between the world’s two largest economies.

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