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SeedPublished 2026-10-23

Where Chinese firms list now

Initial public offerings appear on 48 recent papers, but only 7 of 91 IPO papers carry a listing-venue, cross-listing, Hong Kong, STAR Market or delisting keyword. Chinese firms have moved from New York to Hong Kong and Shanghai's STAR Market, and some have delisted from the US. Does the venue change who invests, how firms are valued and how they behave?

financechina

What prompted this

Since October 2025, 91 papers carry an IPO keyword (51 in finance journals), with "initial public offerings" on 48 and "IPO underpricing" on 19. Only 7 of the 91 also carry a listing-venue, cross-listing, Hong Kong, STAR Market, delisting or overseas-listing keyword; "STAR Market" appears on 8 papers in all.

Questions

  • Are firms that list in Hong Kong rather than the US valued lower, and does the difference reflect investor base, disclosure or politics?
  • What happened to the firms that delisted from US exchanges: did they relist elsewhere, go private or shrink?
  • Does the STAR Market's registration-based system produce IPO pricing closer to that of Hong Kong or of the old approval system?

Data that could help

IPO and listing records across exchanges, delisting announcements, valuation multiples and ownership data (CSMAR, Wind, Bloomberg).

Next step

Build a list of Chinese companies that listed abroad or delisted since 2019 and compare their valuation multiples with matched firms on domestic exchanges.

Related research activity

The keywords this note follows, in the tracked finance, accounting, economics, management, operations research and AI journals as of 2026-10-26
KeywordPapers, last 30 daysRankPapers per month, Oct 23 – Oct 26*Papers, last 36 months
initial public offerings5#393133
STAR Market0–22

Markdown version of this note: /ideas/where-chinese-firms-list-now.md

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Cite this page

Scholar4AI. (2026). Where Chinese firms list now. Journal Research Rankings. Retrieved October 23, 2026, from https://scholar4ai.com/ideas/where-chinese-firms-list-now

@misc{scholar4ai-ideas-where-chinese-firms-list-now,
  author = {{Scholar4AI}},
  title = {Where Chinese firms list now},
  year = {2026},
  howpublished = {\url{https://scholar4ai.com/ideas/where-chinese-firms-list-now}},
  urldate = {2026-10-23},
  note = {Journal Research Rankings; data from OpenAlex (CC0); licensed CC BY-NC 4.0}
}

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