by Scott Murdoch and Kane Wu for Reuters

“SYDNEY/HONG KONG, June 29 (Reuters) – Chinese companies are finding it challenging to get timely regulatory approvals for overseas share offerings as scrutiny of their proposals has intensified under new listing rules, frustrating potential issuers and investment bankers.

Since the launch of the overhauled listing regime on March 31, not a single Chinese firm has gone through the process and successfully listed in their favoured destinations of Hong Kong or the U.S., publicly available data showed.

The trend underscores mounting challenges for Chinese firms looking to raise capital offshore even as an unprecedented regulatory crackdown on private enterprises over the last three years has ebbed and Beijing is looking to shore up its economy.”

Continue reading at the original source, linked here.