There was a new consequence from China repression against their companies

The volume of primary accommodation accommodation (IPO) on the Exchange in Hong Kong will be reduced in the second half of 2021. This has become a new consequence, which appeared from Beijing’s repression against its technological companies. This conclusion made Reuters, interviewing the participants of the transactions.

Investors are in suspense, since China’s tightening of China has led to uncertainty in the markets.

Most of the IPO in the Hong Kong Stock Exchange is carried out by Chinese companies. According to Refinitiv, in the first half of this year, more than 18 billion dollars accounted for primary accommodations, which is 13.4 billion more than the same period last year.

The most major transaction in the second half of the year should be the secondary placement of shares of the Chinese company China Tourism Group Duty Free for seven billion dollars, but now its future is questionable. Analysts and bankers also intend to stop investing before the onset of negative consequences from the actions of the Chinese authorities.

In July, Beijing announced the adoption of a law obliging a company with a personal data of more than a million people to receive approval by the authorities to enter the exchange of other countries. The Chinese leadership fear that third parties of other states will receive personal user data.

Against the background of repressive initiatives, the company by the social network Tiktok has decided to postpone the exit to the IPO indefinitely.

In mid-July, Bloomberg called Beijing’s actions “strike in world mill billionaires.” The state of the richest Chinese entrepreneurs decreased by billions of dollars after strengthening supervisory measures for a major technological business.

/Media reports.