China Tech Listings Drop Sharply As Beijing Cracks Down On Sector {China Tech Listings Drop Sharply As Beijing Cracks Down On Sector} – English

China Tech Listings Drop Sharply As Beijing Cracks Down On Sector {China Tech Listings Drop Sharply As Beijing Cracks Down On Sector} – English

The post China Tech Listings Drop Sharply As Beijing Cracks Down On Sector appeared first on Wealth-X.


 

Since the start of April, initial public offerings by China’s tech groups on exchanges worldwide have raised just $6bn, down almost two-thirds from the first quarter, according to data from Dealogic.

 

The share of tech listings as a proportion of all Chinese IPOs also fell to the lowest level in two years, at just 21 per cent of the more than $28bn raised during the period.

 

The decline comes as Chinese tech groups have faced pressure from Beijing, which in recent months has stepped up regulatory scrutiny of some of the biggest names in the sector.

 

Read the full story on the Financial Times here.

The post China Tech Listings Drop Sharply As Beijing Cracks Down On Sector appeared first on Wealth-X.