直击朋友圈“开闸了”欢呼声：新企获备案，赴美上市新周期开启

Group 1 - The core message of the news is the reactivation of the channel for Chinese companies to list in the U.S., symbolized by the approval of Longdian Huaxin's overseas issuance and listing [1][2] - Longdian Huaxin plans to raise approximately $500 million, marking it as one of the larger recent IPO cases for Chinese companies [2] - The approval is seen as a significant policy signal, indicating a more open attitude from regulatory authorities towards eligible companies seeking to list abroad [2][3] Group 2 - Contrary to popular belief, the channel for Chinese companies to list in the U.S. has not been completely closed, although the scale and structure have changed [3] - In the first half of 2025, 36 Chinese companies successfully listed in the U.S., continuing the trend from 64 listings in 2024, primarily in sectors like new energy, biotechnology, and consumer goods [3] - There are still over 40 Chinese companies in the queue to apply for listing on NASDAQ, indicating ongoing interest in U.S. capital markets [3] Group 3 - More Chinese companies are adopting dual listing structures, such as "U.S. + Hong Kong," to leverage high liquidity in the U.S. market while connecting with domestic investors [4] - The number of companies waiting for IPOs in Hong Kong has exceeded 160, reflecting the market's continued attractiveness [4] - The core goal of returning to the Hong Kong market is to enhance stock trading stability and security, maximizing shareholder value [4] Group 4 - The approval for Longdian Huaxin marks a new phase in the global capital layout for Chinese companies, with balance and diversity becoming core characteristics [6] - The U.S. capital market is considering raising the IPO fundraising threshold to $25 million, which will impose higher requirements on Chinese companies [6] - The chairman of the China Securities Regulatory Commission has stated that conditions will be created to support quality Chinese companies returning to domestic and Hong Kong markets, fostering a complementary relationship between domestic and foreign markets [6] Group 5 - The excitement in the financial community reflects a desire for the return of institutional certainty, with Longdian Huaxin's approval creating ripples in the market [8] - Chinese companies are reassessing the global capital market, viewing it as a multi-faceted balancing act rather than a binary choice [9]