Nasdaq Inc is going to impose new restrictions on IPOs which will make Chinese companies harder to debut on the stock exchange.
The move is being made due to rising concerns over lack of transperancy by some of the Chinese IPOs and their close ties to powerful insiders.
This move is also being connected to escalating tensions between the United States and China over trade, technology and spread of the novel virus. This move is being considered as the latest flashpoint in financial relationship between the two largest economies of the world.
This tightening of the standards regarding to new listing reflects the concern about Chinese companies U.S. IPOs.
