China Plans to Ban Loophole Used by Tech Firms for Foreign IPOs
Yahoo! Finance
(Bloomberg) -- China is planning to ban companies from going public on foreign stock markets through variable interest entities, according to people familiar with the matter, closing a loophole long used by the country’s technology industry to raise capital from overseas investors.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s CroniesReliving the New York Subway Map Debate‘Pension Poachers’ Are Targeting America’s Elderly VeteransThe ban, intended in part to a
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