專欄詠竹坊

Crackdown on U.S.-listed Chinese Stocks Ruins Party for China Renaissance, CICC

Shares of China Renaissance dropped about 9% after its latest earnings report showed revenue dropped in the second half of 2021 as U.S. IPOs by Chinese companies dried up.

This article only represents the author's own views.

A crackdown on U.S.-listed Chinese stocks on both sides of the Pacific took some shine off last year’s earnings at boutique dealmaker China Renaissance Holdings Ltd. (1911.HK) and China International Capital Corp. (3908.HK), a heavyweight investment bank better known as CICC. But bustling equity markets on the Chinese mainland and in Hong Kong are keeping the pair’s prospects from turning too dark.

Between the two, China Renaissance was hit harder by the regulatory turmoil surrounding Chinese stocks trading in New York, as it depends more on fees from U.S. IPOs.

您已閱讀10%(619字),剩餘90%(5590字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。

詠竹坊

詠竹坊(官網鏈接)提供在香港和美國上市的中國企業相關新聞,重點關注中小企業和籌備上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

相關文章

相關話題

設置字型大小×
最小
較小
默認
較大
最大
分享×