In the News: WeRide Prepares for US IPO; State Secrets Law Update; and China Amends Regulations for QFII

August 02, 2024 | BY

Krista Lee &Brian Chan

WeRide IPO shows another green light for overseas listing of Chinese companies; China imposes new regulations for local authorities to better implement its state secrets law overhaul; and two Chinese state departments release new rules for QFII to stimulate foreign securities investment.

Wall Street in the Financial District of Lower Manhattan in New York City. Credit: Tada Images/Adobe Stock

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WeRide and Other Chinese Self-Driving Companies Expanding Into the US

Chinese self-driving startup company WeRide confidentially filed for an initial public offering in the U.S. on February 23 last year, as the company is looking to expand domestically and internationally. WeRide's IPO will be another significant listing after Zeekr Intelligent Technology's IPO in May that raised $440 million.

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