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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.

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咏竹坊

咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

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.

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