Daily Archives: Jun 9, 2020

New Yorkers who want to vote in the state’s June 23 primary election had until Friday (May 29) to register online, in person at a local board of elections, or by mailing in a voter registration form.

The deadline affects only those who are not already registered to vote in New York state and want to vote next month.

 

In Person Voting:

Polling sites will be open 6 a.m. to 9 p.m. June 23 for New Yorkers who want to vote in person. 

To find your voting location June 23, 2020 Click below:

https://elections.erie.gov/VSearch2

 

Early Voting:

Starting October 26, 2019 all active registered voters in Erie County are eligible to cast an early voting ballot. Registered voters will be able to cast their ballot at any of the thirty-seven (37) designated early voting locations. Erie County’s Election Inspectors will now use Electronic Poll Books and Ballot-on-Demand systems to facilitate early voting. Any ballots cast on election day must be cast at the voter’s district polling location designated by the Erie County Board of Elections as noted by the voter registration card mailed to the voter or found here.

For Early Voting Locations Saturday,  June 13, 2020 – Sunday, June 21, 2020 Click Link: https://elections.erie.gov/Early-Voting

Political parties will hold primary elections for members of Congress and for the state Assembly and Senate on June 23. It’s also the date for the postponed New York Democratic presidential primary election

Gov. Andrew Cuomo signed an executive order allowing all New Yorkers to vote by mail next month because of the coronavirus pandemic.

Robert Quintana is running for Assembly District 149 in Buffalo. A former City Councilman, Businessman, Police officer and former National spokesmen for United Way , Quintana is running for the nomination against two other candidates, Adam Bojak and Jonathan Rivera. The current incumbent, Democrat Sean Ryan, is running for state Senate in District 60.

The Conservative, Independence and SAM Party also will hold primary elections across the state.

How do I apply for an absentee ballot?

Due to the coronavirus pandemic, applications for absentee ballots will be mailed automatically to all New Yorkers registered in a political party holding a primary election in their election district.

Absentee ballot applications include prepaid postage to send the application back. The deadline to postmark an application is June 16.

Returned ballots must be postmarked by June 23 and received by June 30.

When will polling sites open?

Polling sites will be open 6 a.m. to 9 p.m. June 23 for New Yorkers who want to vote in person. Polls also will open daily from June 13 through June 23 for early voting. Hours and the number of early-voting locations will vary by county. Check with your county Board of Elections for hours and locations.

 

SHANGHAI/HONGKONG (Reuters) – Chinese companies are putting off plans for U.S. listings as tensions between the world’s top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters

The drop in interest, especially from those in the early stages of planning, is the result of a proposed U.S. legislation that would make it harder for some Chinese firms to debut in America and mounting scrutiny following an accounting scandal at Chinese Starbucks rival Luckin Coffee (LK.O).

“We have seen clients putting their U.S. IPO plans on hold for now,” said Stephen Chan, a partner at law firm Dechert LLP in Hong Kong. “The underlying reason for the slowdown is the relationship between the U.S. and China,” he added.

“If tensions between the two nations remain, we would expect the slowdown to continue,” Chan said.

Chinese groups have raised $1.67 billion via initial public offerings in New York this year and are looking to raise about half billion more on U.S. exchanges, Dealogic data shows.

In 2019, they raised $3.5 billion.

Sino-U.S. relations have nosedived in recent months with the countries, already at odds over trade, now butting heads over the COVID-19 pandemic and China’s proposed national security law for Hong Kong.

Enquiries about U.S. listings have halved this year at one of the big four accounting firms in China versus 2019 levels, a senior auditor from the firm said.

Many companies that reported plans for U.S. listings to China’s securities regulator, marking an early stage in the process, are now targeting exchanges nearer to home, said a person close to the regulator.

The China Securities Regulatory Commission did not respond to requests for comment, while the U.S. Securities and Exchange Commission declined to comment.

Listings take at the minimum several months to arrange, involving appointing advisers, preparing a prospectus and obtaining regulatory approvals. The further along the path a company is, the less likely it is to change plans.

‘INVESTOR UNCERTAINTY’

Chinese firms accounted for about a third, or some $279 billion, of funds raised globally via IPOs in the past five years. About half of that was overseas, mostly through New York and Hong Kong floats.

There are more than 550 Chinese firms listed on U.S. stock exchanges. Chinese firms often choose New York for floats given its prestige and international investor base, even as Beijing seeks to encourage them to list at home to share gains among local investors and limit foreign oversight.

Chinese authorities have long resisted audit papers leaving China, making it hard for U.S. auditing regulators to check the quality of audits of Chinese companies.

But a bill passed by the U.S. Senate which, if signed by President Donald Trump, would require U.S.-listed foreign companies to disclose levels of government control. It would also require that Chinese companies comply with U.S. oversight of their audits or face being delisted.

“For U.S. investors, it will mean fewer listings and it will be harder to capture the benefits of growth in China,” said John Ott, partner with Bain & Company and a leader with its Greater China financial services practice.

U.S.-listed Chinese firms have begun disclosing the risk of an “adverse impact” on their shares due to tighter regulations.

Kingsoft Cloud Holdings Ltd KC.O, the first Chinese firm to brave New York since Luckin’s scandal, warned efforts to increase U.S. regulatory access to audit information “could cause investor uncertainty for affected issuers, including us”.

Netease (NTES.O) and JD.com (JD.O) also warned of similar risks in their recent filings with the Hong Kong stock exchange for secondary listings in the city.

Reporting by Scott Murdoch in Hong Kong, Engen Tham in Shanghai, Zoey Zhang in Beijing, Kane Wu in Hong Kong and Echo Wang, Joshua Franklin in New York; Editing by Jennifer Hughes and Himani Sarkar

 

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