More Chinese firms shun US bourses, seek home listings

The number and value of initial public offerings by Chinese companies in overseas markets have plummeted this year, but conversely figures for firms seeking a domestic listing have soared.

Data from Bloomberg showed that Chinese companies announced just 14 overseas listings worth a combined $666 million, a 98 percent fall from $29 billion in 2014 - both the lowest total number and lowest value in four years.