While a U.S. Treasury official has said Trump's administration was not considering blocking Chinese companies from U.S. listings "at this time", the possibility it may do so has resulted in much handwringing by mainland firms that had been looking at a U.S. IPO. "Too many calls. Every client is worried," said Terence Lin, CEO of World Financial Holding Group, a boutique investment bank which helps Chinese companies with Nasdaq listings.
SHANGHAI: Bestbond, a Chinese apartment rental company, had been planning on a Nasdaq flotation in one to two years but as U.S.-China trade tensions racheted higher, the Hong Kong stock exchange emerged as a possible candidate. Now, it's firmly on the table.
"We're having second thoughts," CFO Wang Jia told Reuters, adding that Hong Kong, despite being beset with political unrest, had become more attractive after news emerged on Friday that U.S. President Donald Trump's administration was looking at delisting Chinese companies from U.S. bourses.
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