Capstone LLC Publishes The Most Underappreciated Developments for China's Markets for 2023

Changes in how China approaches managing its tech sector and financial markets will have significant implications for global investors and companies doing business there in 2023.

WASHINGTON, Feb. 22, 2023 /PRNewswire/ -- Capstone LLC is sharing its outlook on the most underappreciated policy developments that will play a big role in how investors and companies operate in China.

Capstone believes China's heavy-handed regulation of its tech industry is here to stay, despite market expectations the government's crackdown is near its end. In 2023, China will set and enforce policies that require technological development and innovation to occur hand-in-hand with the state. Private companies will have to abide by a higher "new normal" level of state integration in corporate governance and avoid conduct that runs afoul of the regulators or the Chinese Communist Party. They will also be encouraged to innovate, so long as they stay in line with CCP objectives. New rules proposed by Chinese authorities to streamline the initial public offering process, benefiting Chinese firms potentially seeking domestic listings, including ByteDance Ltd., Didi Chuxing Technology Co., and up-and-coming hardware and electric car manufacturers. The motivation for the new rules stems from China's desire to jumpstart its economy through the finance sector. While the rules will likely stimulate IPO activity, efforts to revive the finance sector will be hampered by US crackdowns on technology companies, as foreign scrutiny will discourage many firms from filing for IPOs. 

Please access the following link to read Capstone's outlook on developments in China:

US-China Policy

China Domestic Market

China IPOs

For more information contact Daniel Kruger by Phone at (202) 350-4700 or E-mail: [email protected]

About Capstone

Capstone is a leading global policy analysis and regulatory due diligence firm with locations in Washington, DC, London, and Sydney. As developments in Washington, London, Brussels, and other centers of government become more crucial to investment strategies, legislation, regulatory reforms, and new federal oversight are affecting industries in evolving ways. We advise institutional investors and companies on how changes in state, federal, and international policy impact investments. Capstone has established leading coverage of public policy investments affecting financial and business services, energy and environment, healthcare, TMT, and more. Our professionals analyze policy to uncover risks, opportunities, and, along the way, unique business, and investment strategies for our clients.

SOURCE Capstone LLC

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