Uncertainty hangs over China’s ecomony, as firms rush for overseas IPO

BY EFES YU    The rush for offshore Initial Public Offerings (IPO) signals a wide spread feeling of uncertainty over the prospect of China’s economy as the trade war escalates, despite Hong Kong reclaimed the crown as the No.1 market for listing worldwide. On Wednesday, Bitmain Technologies, the world’s biggest virtual currency mining firm founded by mainland entrepreneurs, filed their IPO application to Hong Kong’s … Continue reading Uncertainty hangs over China’s ecomony, as firms rush for overseas IPO