China cleans the least HK list in eight months | Einsmark news

China has cleared the least Hong Kong applications in eight months, a potential sign that could delay such transactions after local businesses went on a fundraising in the city all year. Only three firms received the nod of the China Securities Regulatory Commission to continue with their fundraising plans in Hong Kong, according to figures compiled by Bloomberg. It is the lowest monthly score since November and a fraction of the 16 companies that received Greenlit in June. There are another long queue companies that want to do this, with more than 50 firms submitting their paperwork to the Chinese regulator in the first three weeks of July. According to the CSRC website, more than 200 firms are in line. Although the Chinese Securities watchdog has not yet said why the figures are slowing, the state media reported Thursday that the continent’s authorities are considering doubling the minimum valuation requirements for businesses to list Hong Kong to 20 billion Yuan. Most firms that are currently waiting meet these criteria, the Securities Times said, referring to unidentified officials. The CSRC did not immediately respond to the fax request for comment. Any prolonged slowdown in the assessment process will be felt in Hong Kong, as firms on the continent are the driving force behind the city’s weakened market for List-Bloomberg Intelligence Forecasts overall returns will double to more than $ 22 billion this year. The slowdown in cleaning applications is also coming amid a recent increase in lists that has transferred. Six of the issuing outreach of this year started trading in June or July, with Cloudbreak Pharma Inc., about 45% since this month’s listing, which was the biggest laughing this year. Although the CSRC does not officially approve overseas listings, it reserves the right to block it, making it effective for Chinese businesses to obtain the regulator’s review before continuing with such transactions. The returns from sales of the first time in Hong Kong exceeded $ 2.3 billion in July, according to data compiled by Bloomberg. Although it is the figure of a year before, it is the lowest score in three months, according to the data. © 2025 Bloomberg MP This article was generated from an automatic news agency feed without edits to text.