By delisting out of New York and switching over to Hong Kong, Chinese ride-sharing company, Didi, is setting a path for other Chinese technology groups that hold customer data.
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Experts believe the great China correction and sell-off may last longer, but it will start shifting focus to less regulatory-affected sectors.
IPO listings volume in Hong Kong have had a lacklustre year compared with global peers, so will more Chinese companies embrace HK as a listing option after what happened to Didi Global?
With social equality and national security being the main drivers for further regulations, investors are keeping a wary eye on the next possible targets.
Government support in carbon neutrality, plus regulation overhauls in the cybersecurity space, have created a favourable environment to further diversify into green stocks.
The most recent crackdown on the Chinese ride-hailing firm has investors speculating on who’s next. Experts say short-term pullback on US-based listings can be expected.