Distinctive Ideas
Pooling global perspectives, forging ahead with unique insights.
MBMC Flash Report: Vice Chairman of the China Securities Regulatory Commission stated that there will be no decoupling between China and the US, and the risks for Chinese companies listed in the United States have been reduced.
Recently, at the 14th Lujiazui Forum, Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission (CSRC), responded to the "decoupling theory" by saying: "We believe that as long as we take the initiative to strengthen ties, run our own affairs well, ensure that investments in China deliver returns, and enhance exchanges, we will definitely frustrate such decoupling plots."
MBMC News Flash: Explaining US Listings — What is an S-1 IPO Filing?
Since the S-1 IPO filing required by the U.S. Securities and Exchange Commission (SEC) only needs to be submitted once during a company's IPO process, you may not be as familiar with it as with annual routine SEC filings.
MBMC News Flash: HKEX to unveil specific reform proposals for the Growth Enterprise Market (GEM) within the year, and is considering resetting and simplifying the transfer listing mechanism
According to recent news, Xu Zhengyu, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, clearly stated when responding to questions raised by Legislative Councillors
MBMC Observations: U.S. Stock Market SPACs | In March, 4 SPACs completed their IPOs, and 15 SPACs announced the start of business combinations
Recently, a total of two SPACs have filed prospectuses in the U.S. capital markets, with planned fundraising proceeds of 50 million U.S. dollars and 400 million U.S. dollars respectively.
MBMC Observation: Dubai IPOs have had an outstanding performance this year. Currency exchange company Al Ansari has raised $210 million in Dubai.
This year's Dubai IPOs have performed brilliantly, further indicating that the Middle East is becoming this year's capital market. Currency exchange company Al Ansari Financial Services PJSC rose in its first day of trading.
MBMC Observation: U.S. Stock IPO | Bakery chain Chanson International plans to list on NASDAQ on March 31, seeking to raise $19 million
Chanson International (Xiangsong Guoji), which operates a chain of bakeries in China and New York City, is expected to make its debut on the NASDAQ this Friday, March 31.
MBMC Observation: Sources say U.S. regulators are considering a split sale of Silicon Valley Bank (SIVB.US)
According to people familiar with the matter, the U.S. Federal Deposit Insurance Corporation (FDIC) plans to relaunch the sale process for Silicon Valley Bank (SIVB.US), as the lender failed to attract buyers in a recent auction. U.S. regulators are seeking to split the failed bank.
MBMC Observation: Hong Kong IPO | Ziru, a rental housing platform, plans to launch an IPO in Hong Kong, potentially raising US$1 billion.
Foreign media quoted sources as saying that Chinese rental platform Ziru is considering a Hong Kong IPO (initial public offering), targeting a listing as early as this year and expected to raise up to 1 billion U.S. dollars.
MBMC Observation: The number of IPOs by Chinese companies on Nasdaq is poised for a sharp rebound, with up to 50 expected in the next 12 months.
"Over 50 Chinese companies will list on the NASDAQ in the next 12 months," said Bob McCooey, vice chairman of the NASDAQ, in a recent interview with CNBC.
MBMC Observation: U.S. SEC Strikes by Indirection, Targets Binance's Stablecoins, Potentially Shaking the Entire Crypto Market
Last week, the U.S. Securities and Exchange Commission (SEC) sent a notice to cryptocurrency issuing company Paxos, stating that it would deem a stablecoin it issued—BUSD (Binance USD)—a security. This means that BUSD will be brought into the SEC's regulatory system.
MBMC Observation: IPO Express | Capital from Shenzhen Seeking US IPO, Planned NASDAQ Listing
Recently, ZBJ FINANCE GROUP LTD (hereinafter referred to as Capital Circle) officially filed an IPO application with the U.S. Securities and Exchange Commission (SEC), planning to use ZBJ as its stock ticker and apply for listing on the Nasdaq. According to the disclosure, the company submitted a confidential filing to the SEC the day before it officially filed its prospectus.
MBMC Observations: "Going long on Chinese stocks" is one of the most popular positions in the global market
A survey released by Bank of America this week showed that 12% of investors believe that "going long on Chinese stocks" is one of the most popular positions in global markets, second only to going long on the U.S. dollar and going long on ESG assets. The percentages for the top two positions are 32% and 17% respectively.