Photo: BloombergNew York: The great retreat of Chinese companies from the US stock market is hitting a snag. The unraveling started on 6 May when the China Securities Regulatory Commission said that it’s studying the impact of companies seeking to re-list domestically after withdrawing from overseas. Concern last week that Chinese regulators may restrict overseas-traded companies from returning home helped erase more than $5 billion in the market value of firms seeking to do so. About three quarters of the deals are still pending, including Qihoo 360 Technology Co., whose $9.3 billion offer is the largest. The selloff marks another twist in the saga of US-listed Chinese companies seeking to go private, lured by the prospect of re-listing at higher valuations in Shanghai or Shenzhen.

Source: Mint May 15, 2016 12:07 UTC