Opinion Real Estate Network News:September seventhBank of New York MellonXu Sheng, president of China, said that tensions between China and the United States have made it more challenging for Chinese companies to list in the United States this year, and their clients are conducting risk assessments. For example, Chinese companies listed locally in the form of ADR are considering whether to maintain ADR listing, while unlisted companies need to examine whether the United States is still a suitable place to list, or whether to list in Hong Kong or other markets instead.

Xu Sheng pointed out that the decline in the business of Chinese listing in the United States this year was also affected by the epidemic, especially the roadshow of new shares or communication with regulators and law firms. The Group will closely monitor the policy trend and adjust its business accordingly.

However, he believes that the demand for Chinese capital to list overseas is still strong, as long as the transparency of corporate governance is higher, it will help companies to list overseas or open their capital markets.

He also mentioned that despite the impact of the epidemic and geopolitical factors, foreign capital continued to flow into China's capital market, reflecting that foreign investors' interest in the Chinese market has not diminished. It is believed that with the United States imposing more restrictions on ADR-listed companies, many Chinese-listed stocks plan to return after delisting in Hong Kong, and there may be more opportunities for new shares to be listed in Hong Kong.