More Chinese IPOs expected for London as US tensions grow

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By Aidan Gregory, Sam Kerr
26 May 2020

Chinese companies are likely to consider London as an alternative foreign listing venue, according to sources speaking to GlobalCapital, following a regulatory crackdown in New York and increased political tensions between the US and China.

Companies could soon begin selling global depositary receipts under the London-Shanghai Stock Connect scheme, which allows Chinese-listed companies to list in London and vice-versa.

The scheme started last year and was heralded as a milestone in the internationalisation of China’s capital markets, but it has only been used ...

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