-China will continue to allow Chinese companies to go public in the U.S. as long as they meet listing requirements, China’s securities regulator told brokerages late Wednesday, according to a source familiar with the matter. - China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai made the comment during a virtual meeting with major investment banks on Wednesday, the source said. - Chinese stocks listed in Asia and the U.S. — including big names like Alibaba and Tencent — plunged in the last several days as Chinese authorities increased scrutiny on tech companies over monopolistic practices and data security. |