By Anirban Sen and Chris Prentice NEW YORK (Reuters) -U.S. exchange operators are in talks with the Securities and Exchanges Commission on easing regulatory burdens for public companies, as they seek to encourage more richly valued startups to list, according to four people familiar with the matter. These deliberations, the details of which are reported…
Apple is reportedly in eleventh-hour negotiations with European regulators about changes to its App Store. As the Financial Times (FT) reported Monday (June 23), the tech giant is hoping to escape a series of escalating fines from the European Union (EU) set to go into force this week. Apple has already been fined 500 million…
Fast fashion retailer Shein has reportedly chosen a new location to go public. The China-founded company is now looking to list in Hong Kong after failing to get Chinese regulators to sign off on its plans for a London initial public offering (IPO), Reuters reported Wednesday (May 28). Sources told Reuters Shein plans to file a draft prospectus with…
Hong Kong passed a stablecoin bill that will enable the region to establish a licensing regime for fiat-backed stablecoin issuers. “Hong Kong’s stablecoins are backed by fiat currency as underlying assets, and we welcome global enterprises and institutions interested in issuing stablecoins to apply in Hong Kong,” legislative council member Johnny Ng said on X…
Hong Kong’s new subsidiary legislation of its domestic security law came into force on Tuesday, just a day after the government proposed it with a spokesman saying the new measures had to be enacted as soon as possible because of “potential unforeseen circumstances amid escalating geopolitical tensions”. The legislation was gazetted and signed by Acting…