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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Chinese Companies Rush for US Listings ahead of New Rules

An Xpeng Motors showroom at the company's headquarters in Guangzhou, China. Reuters

The number of US IPOs by Chinese firms jumped in March, as some of them rushed to set up offshore listings before rules take effect that will complicate the process, though with markets jittery, several met with a tepid response.

Seven Chinese firms including Chanson International and Hongli Group have launched public offerings in March to raise a combined $82.3 million, compared with just four in the preceding two months, Reuters reported.

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