China Pauses IPOs After the AI Listing Frenzy Turns Into a $480B Rout
4 Articles
4 Articles
(Seoul = Yonhap News) Reporter Jung Joo-ho = The Financial Times (FT) reported on the 3rd (local time) that Chinese securities authorities have instructed investment banks to suspend initial public offerings (IPOs).
大纪元 Epoch Times
阿波罗新闻网The China Securities Regulatory Commission (CSRC) has reportedly halted initial public offerings (IPOs) and prohibited large-scale stock sales by major shareholders of listed companies. (Epoch Times Database)
China pauses IPOs after the AI listing frenzy turns into a $480B rout
Following a sharp fall in AI and chip stocks that has wiped about $480 billion off the STAR 50 index, China has reportedly stopped approving new share listings to calm its falling stock market. Everyday investors who bought into the two-year rally are feeling the pain, and global markets are watching to see if U.S. tech could face the same pressure. Why have China’s AI stocks crashed? The STAR 50 is a Shanghai index of China’s homegrown chip and…
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