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With the continuous emergence of news about domestic companies going public overseas and the accelerated approval of filings, Chinese companies' overseas financing is gradually coming out of the trough. The latest data released by the China Securities Regulatory Commission shows that as of August 1, 2024, 120 companies have submitted overseas listing filing materials to the China Securities Regulatory Commission, exceeding the number for the whole of last year.

According to statistics from the Shanghai Securities News, as of August 1, 35 mainland companies have been listed on the Hong Kong Stock Exchange this year, exceeding the 34 in the same period last year; another 32 Chinese concept stocks have been listed on the US stock market, exceeding the 22 in the same period last year. Wang Yajun, co-head of equity capital markets for Asia (excluding Japan) at Goldman Sachs, said: "Chinese companies' overseas financing is gradually recovering. Although it has not yet reached the average level before 2021, the recovery trend is very obvious."

Since the beginning of this year, the channels for Chinese companies to go public overseas have become more open. The new "Nine National Regulations" clearly propose to broaden the financing channels for companies to go public overseas and improve the quality and efficiency of overseas listing registration management. The document recently issued by the National Development and Reform Commission also supports high-quality companies to use medium- and long-term foreign debt to promote the high-quality development of the real economy.

Hao Yusheng, chief representative of Nasdaq China, said that the trend of Chinese companies going public overseas has clearly increased. As a highly market-oriented financing platform, the biggest challenge facing Chinese companies in the U.S. stock market is how to attract investors. According to statistics, as of June, Nasdaq had 3,341 listed companies, including 245 Chinese companies, with a total market value of US$497.4 billion.