Why China’s COVID Comeback Is Still In The Early Innings, With Upside Ahead
Forbes.com
By Drew Bernstein
Excerpt:
When you unshackle 1.4 billion consumers who have been penned up at home for three years, it’s reasonable to expect some fireworks.
In this Forbes contributed article, Drew Bernstein, co-chairman and co-founder of Marcum Asia, explains why China has an opportunity to build a more sustainable, balanced economic model that policymakers have recognized as desirable for over a decade.
Of note, based on market activity, we expect many China tech names to seek to launch overseas IPOs, particularly via the SPAC vehicle, in Q3 2023. Beginning on March 31st, China’s securities regulator, the CSRC, will, for the first time, implement a system for reviewing and approving overseas listings.
Although this presents an additional hurdle to clear, it means that these issuers will have the government’s imprimatur as appropriate for foreign ownership – removing one major risk factor for those who want to play the China comeback.
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