This article only represents the author's own views.
A few small IPOs are floating up in the headlines as we kick off the new week, signaling spring could finally be near for the stalled train of Chinese companies listing in the U.S. The latest filings are all updates to previously announced pint-sized listing plans by steel products maker Hongli Group Inc., insurance marketer UB-X Technology Ltd. and a special purpose acquisition company (SPAC) called TradeUp Global Corp. (TUGC.US)
But the really big news comes from the Chinese securities regulator, which on Saturday published a document seeking comment on proposed revisions to a rule that would allow Chinese companies’ auditors to share their reports with the U.S. securities regulator. That document’s publication followed numerous reports in both Chinese and non-Chinese media that a deal between the China Securities Regulatory Commission (CSRC) and the U.S. Securities and Exchange Commission (SEC) was getting closer.