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 is the expected trend for Chinese companies in terms of their stock sales?

What regulatory changes are mentioned that affect Chinese companies looking to list overseas?