Regulatory issues not reducing demand for Chinese listings

first_imgStacey Cunningham, president of the New York Stock Exchange, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galasia | CNBC – Advertisement – Regulatory concerns around Chinese listings returned to the public eye last week after the last-minute suspension of Ant Group’s world-record $34.5 billion IPO in Hong Kong and Shanghai.The Shanghai Stock Exchange said Ant Group had reported “significant issues such as the changes in financial technology regulatory environment,” according to a CNBC translation of the statement from Mandarin.Without commenting on this individual case, Cunningham said there was “a lot of dialogue around how Chinese companies list here in the U.S., as well as what Shanghai and Hong Kong are doing.”Cunningham emphasized the importance of retaining the depth and liquidity offered by the U.S. market by balancing investor protections, such as audit oversight, with access, and “not encouraging other companies to go to other global markets.” – Advertisement –center_img “What is really important is that we make sure we are appropriately setting a framework in place that keeps investors protected,” Cunningham said.“We continue to see investor demand for Chinese companies in the U.S. and we haven’t seen that changing yet, despite the fact that there is a lot of talk about trade and about oversight, so we are working constructively and we are optimistic that we will be able to find a way to actually enhance the level of protections that exist on companies here in the U.S.”Half of cross-border initial public offerings in the U.S. in the first nine months of the year came from China, according to Ernst & Young, despite the Senate in May passing a bill that could delist a number of Chinese companies from American exchanges.Ant Group and the regulation question- Advertisement – The New York Stock Exchange (NYSE) is still seeing demand from Chinese companies looking to list in the U.S. despite highly publicized regulatory concerns, its president has told CNBC.Relations between Washington and Beijing have become increasingly fractious in recent years, with President Donald Trump’s administration pushing to reduce domestic financial ties with the world’s second-largest economy.Speaking to CNBC’s Karen Tso on Tuesday night, NYSE President Stacey Cunningham said the exchange was continuing to see demand from Chinese companies for U.S. stock market listings.- Advertisement –last_img read more

TGS, PGS to Expand Seismic Data Library Offshore Eastern Canada

first_imgTGS and Petroleum Geo-Services (PGS) have announced plans to expand their jointly owned multi-client library offshore Eastern Canada. The new Cape Broyle 3D survey, to be acquired during summer 2017, will comprise approximately 3,500 km2 of 3D GeoStreamer data in the South Eastern Newfoundland region.Pre-processing of the initial GeoStreamer signal will be performed by PGS, following which TGS will perform data processing.Final data will be made available to clients in 2018, ahead of the 2019 licensing round under Newfoundland Labrador’s Scheduled Land Tenure system.In addition, in mid-May, TGS and PGS will start a 2D seismic campaign in East Canada comprising approximately 22,000 km of 2D GeoStreamer data.Following completion of these surveys, the jointly-owned library will have more than 175,000 km of 2D GeoStreamer data and 14,750 km2 of 3D GeoStreamer data, TGS said.“This seventh consecutive season of data acquisition will expand our seismic coverage in Newfoundland Labrador where we have a strong track record of success. These projects will provide modern, high quality seismic data to E&P companies to support their drilling activities and prepare for upcoming licensing rounds,” said Kristian Johansen, CEO of TGS.“We have experienced significant interest for our multi-client GeoStreamer data in the Newfoundland Labrador area, and continue to position ourselves for upcoming lease sales in this increasingly attractive exploration region,” added Jon Erik Reinhardsen, president & CEO of PGS.The projects are supported by industry funding.last_img read more

Study finds LGBTI people are 20 times more likely to be activists

first_imgThe study and activist movements‘The desire for social change, political activism, and sexual identities may all be related. Lesbians and gays generally contest heterosexism more than heterosexuals but we do not know how sexual identities sways participation in class, race, and gender based social movements,’ the study’s abstract reads.‘When analyzing the American National Election Surveys of 2012 (n = 3519), gays and lesbians were about twenty times more likely to join LGB justice campaigns than heterosexuals.’‘Moreover, the greater activism of gays and lesbians also crossed over to recent Occupy Wall Street, peace, and environmental mobilizations.’The study looked at the American National Election Surveys of 2012. This data features a representative sample of over 4,000 American adults. 4.5% of the respondents identify as gay, lesbian, or bisexual (other sexualities and gender identities were not accounted for).Analyzing the dataLGB people are as much as 20 times more likely to participate in the LGB rights movement than straight people. Additionally, LGB people are 2-4 times more likely to partake in other causes such as environmentalism, the Occupy movement, feminism, and racial equality. LGB people are 20 times more likely to be part of activist movements than cishets A recent study published in the Science Direct journal found that LGBTI people are about 20 times more likely to be part of activist movements than cisgender and heterosexual people. LGB people are also less likely to get involved in conservative causes, the study finds. For example, the anti-abortion movement.‘A set of follow-up analyses revealed that the greater involvement of LGBs in the liberal social movements was not due to their gender, age, race, or education levels,’ writes Zhana Vrangalova for Them.us.‘Instead, factors that mattered included queer folks’ greater endorsement of liberal ideologies and egalitarian values; their increased recognition of the continued existence of heterosexism, racism, and sexism in the U.S.; having had experienced more racial discrimination; and being more personally and emotionally embedded in the LGB community.’‘When all these factors were taken into consideration, LGB folks were just as likely as heterosexuals to have been involved in the peace, environmental, or labor movements,’ Vrangalova continues.Conclusion‘Yet, even after controlling for all of these variables, they remained significantly more likely to be involved in the LGB rights movement. This suggests that people’s LGB identity; the sense of belongingness it creates; and the structural, organizational, and interpersonal discrimination many nonheterosexual folks experience due to their sexual orientation, are unique drivers of LGB-rights activism in the U.S. above and beyond all of these other factors.’Got a news tip? Want to share your story? Email us . No, bi people are not ‘appropriating gay culture’US gay, lesbian and bi troops twice as likely to be sexually assaulted than non-LGBsThe most surprising LGBTI stats and facts from around the worldRead the full article on Gaystarnews:  :https://www.gaystarnews.com/article/study-finds-lgbti-people-are-20-times-more-likely-to-be-activists-than-cishet-counterparts/center_img Share this:TwitterFacebookLike this:Like Loading… eTN Chatroom for Readers (join us) GAYSTARNEWS-last_img read more