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Boustead Securities, LLC’s Dan McClory, Managing Director and Head of China & Equity Capital Markets, appears on CGTN's The Heat, to discuss China's economy and the country's 4.9% GDP growth in third quarter amid a global recession. Click the video to watch the segment.
Nasdaq's new restrictions on IPOs and accounting transparency, may impact Chinese companies looking to debut on its stock exchange
In May 2020 the Senate approved legislation that could lead to Chinese companies being barred from listing on U.S. stock exchanges amid increasingly tense relations between Washington D.C. and Beijing.
“The IPO’s that were seeing in the first half of this year got started months ago," says Dan McClory." Adding that if Chinese sentiment about listing in the US is going to be affected, "then we may see that in the second half of this year or the first half of next year.”
Boustead Securities' Dan McClory, Head of China and Head of Equity Capital Markets, lead the Kontaktsource virtual program, "Current State of Chinese Companies' IPOs in the United States."
Dan discusses the recent IPO market and geopolitical developments impacting emerging markets and especially Chinese companies listing in the US or seeking Nasdaq, NYSE and London Stock Exchange IPOs including: risk factors, new requirements Nasdaq has proposed to the SEC, key takeaways from the passing of U.S. Senate Bill S.945, the London-Shanghai Connect, STAR’s first international listing, and more.