China Telecom Is Set for 2021’s Biggest Share Sale

In 2021, IPOs in mainland China reached a significant milestone with share sales amounting to 54 billion in local currency, equivalent to 8.4 billion USD. This surge occurs amid rising tensions between China and the US, leading to Chinese companies like China Telecom and China Mobile being delisted from the NYSE. These tensions, initiated by the Trump administration and continued under Biden, are prompting Chinese companies to return to domestic markets. As a result, Chinese firms seeking growth are increasingly turning away from the US market. The Chinese government is tightening regulations on overseas listings, while US scrutiny on national security grounds persists. Analysts predict continued growth in local share sales, driven by these geopolitical dynamics.

What was the approximate value of share sales in mainland China in 2021 in US dollars?

• 10.4 billion

• 12.4 billion

• 8.4 billion

• 5.4 billion

Which Chinese company was delisted from the NYSE due to rising tensions?

• Baidu

• China Telecom

• Tencent

• Alibaba

What was the primary reason for Chinese companies returning to domestic markets?

• National security concerns

• Lower taxes

• Higher profits

• Better growth opportunities

Which administration initially took measures against Chinese companies on national security grounds?

• Obama administration

• Trump administration

• Bush administration

• Biden administration

How much has been raised in local share sales in China in 2021 according to analysts?

• 380 billion yuan

• 280 billion yuan

• 480 billion yuan

• 180 billion yuan