SHANGHAI: Bestbond, a Chinese apartment rental company, had been planning on a Nasdaq flotation in one to two years but as U.S.-China trade tensions racheted higher, the Hong Kong stock exchange emerged as a possible candidate. Now, it's firmly on the table.
"Too many calls. Every client is worried," said Terence Lin, CEO of World Financial Holding Group, a boutique investment bank which helps Chinese companies with Nasdaq listings. "The political uncertainty could exert pressure on the valuations and the liquidity of U.S.-listed Chinese stocks for a long long time," said Frederick Shen, partner at Chinese venture capital firm New Vision Capital.
The Guangzhou, southern China-based asset manager focuses on investing in Chinese firms that have listed or are seeking to list in the United States, making its business model particularly vulnerable to slumps in those valuations.
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