More Chinese IPOs expected for London as US tensions grow

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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