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China’s Interest in US IPOs may be Rekindled

The China Securities Regulatory Commission has notified banks that Chinese firms might go public in the US, but only if they don’t possess sensitive data.

China's Interest In US IPOs May Be Rekindled

People familiar with the subject told Bloomberg that the industrial accessories ecommerce platform, Zhenkunhang Industrial Supermarket Shanghai, is reconsidering its proposal to list in the United States after China suggested that it would approve such IPOs of some local firms.

The China Securities Regulatory Commission has notified banks that Chinese businesses may be able to go public in the United States, but only if they don’t possess sensitive data, among other conditions, as per the sources.

To restart IPO preparations, Zhenkunhang is working with Goldman Sachs Group and China Renaissance Holdings. Following the failure of Didi Chuxing’s US IPO last year, other firms have allegedly modified or postponed their IPO plans.

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