Marcum Asia's Bernstein on China Pausing GDR

The video discusses Global Depository Receipts (GDRs), their role in raising foreign capital, and their significance to China. It highlights the impact of GDRs on capital raising, the US-China agreement on delisting concerns, and the disconnect between geopolitical events and business activities. The video also covers the outlook for fundraising and IPOs, noting the prevalence of SPACs as a quicker, less expensive alternative to traditional IPOs.

What is a GDR and why is it important to China?

How do GDRs allow companies in emerging markets to raise capital?

What are the implications of the recent agreement between the US and China for companies looking to list in the US?

What disconnect exists between the political situation in China and the business environment?

What challenges does China face in opening its market according to the discussion?

What is the current outlook for IPOs in the market this year?

How does the SPAC method compare to traditional IPOs in terms of efficiency?