Beijing is restricting Chinese companies incorporated overseas from seeking initial public offerings in Hong Kong...

>Beijing is restricting Chinese companies incorporated overseas from seeking initial public offerings in Hong Kong, according to people familiar with the matter, threatening to upend a decades-old playbook that has fueled billions of dollars in share sales.

[source](https://www.bloomberg.com/news/articles/2026-03-17/china-clamps-down-on-key-route-to-hong-kong-ipos-after-deal-boom)