Chinese Crypto Exchanges Seek Backdoor Listings in Hong Kong | NewsBTC
- One method which has been increasing is a reverse merger in Hong Kong as IPO hopes fade.
- Hong Kong regulators are growing increasingly wary of Chinese crypto firms trying to get listed to avoid the digital blackout in their own country.
- According to the SCMP, citing ‘people familiar with the matter’, chief executive of the Hong Kong Exchanges and Clearing, Charles Li Xiaojia, said companies seeking to go public should show consistency in their business models.
- It appears that reverse mergers are becoming a popular way to get listed without going through the IPO process which can be lengthy and arduous.
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