China to ban loophole used by tech firms for foreign IPOs - Bloomberg News

  • 12/1/2021
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China is planning to ban companies from going public on foreign stock markets through variable interest entities, closing a loophole used by the country"s tech industry to raise capital from overseas investors, Bloomberg News reported on Wednesday, citing people familiar with the matter. Reporting by Sneha Bhowmik in Bengaluru; Editing by Arun Koyyur

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