Hong Kong to Benefit From Beijing’s Didi Crackdown, IPO Rules Overhaul, Analysts Say

Morrison & Foerster partner, Vivian Yiu was quoted in an article "Hong Kong to benefit from Beijing’s Didi crackdown, IPO rules overhaul, analysts say" published by South China Morning Post.

According to the article, the overhaul and the crackdown on Didi suggest Beijing is no longer taking a relaxed approach to Chinese technology companies with a lot of consumer data listing in the US, given its ongoing tussle with Washington over technology and US threats to delist Chinese companies over accounting rules. "If we had to speculate, it would probably be easier for these companies to list in Hong Kong than in the US", said Vivian Yiu. China would like to see its technology companies rely less on the US capital market and choose to list in Hong Kong instead.