纳斯达克，突发！暴增200%！

Core Viewpoint - The article discusses the increasing difficulty for Chinese companies to list in the U.S. due to new regulations approved by the SEC, which significantly raise the IPO liquidity thresholds and impose stricter requirements on public offerings [1][2]. Group 1: New Regulations and Requirements - The SEC has approved a new rule that raises the minimum net income requirement for companies listing under the "net income standard" from $5 million to $15 million, an increase of 200% [2]. - For companies listing under the revenue standard, the minimum requirement has been raised from $8 million to $15 million, representing an 87.5% increase [2]. - The new regulations aim to enhance the quality of listed companies and the stability of the market by tightening entry standards [2]. Group 2: Specific Restrictions and Compliance - The SEC has initiated a review process that imposes restrictions on IPOs, reverse mergers, and direct listings for specific regional companies, including a minimum public float market value of $25 million for IPOs or reverse mergers [2][3]. - Nasdaq has been granted discretion to reject listing applications even if companies meet all written requirements if there are factors indicating potential market manipulation [3]. - Companies are advised to proactively disclose legal and regulatory environments and consider third-party assessments to enhance transparency [3]. Group 3: Ongoing Compliance and Delisting Risks - Nasdaq has proposed new rules that could lead to immediate delisting or suspension of trading for companies that fail to meet one or more ongoing listing requirements, including maintaining a market value of at least $5 million for 10 consecutive trading days [4]. - The proposed regulations also require Chinese companies to raise at least $25 million through underwriting in their initial public offerings [3]. Group 4: Competitive Landscape - Notably, the New York Stock Exchange has stated it does not plan to implement similar changes, maintaining its "platinum standard" in listing requirements [5].