Drew Bernstein in Jiemian News on Chinese Companies’ Overseas Listings
In the News | Jul 09, 2024
Drew Bernstein, Co-Founder and Co-Chairman of Marcum Asia, told Jiemian News that Chinese companies remain highly interested in overseas listings, with a surge in audit and internal control work signaling strong preparation activity. He noted that the CSRC’s review process has become more efficient, making filings smoother, while two key drivers push companies abroad: stricter selectivity in the domestic IPO market and reduced availability of venture and private equity funds, which pressures management teams to seek listings as promised exits for investors. Bernstein added that while U.S. markets remain attractive for global brands and high-growth companies, Hong Kong continues to serve as a practical near-shore option, particularly for firms in consumer, industrial, and financial sectors.