China to ban loophole used by tech firms for foreign IPOs
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© Reuters. FILEPHOTO: In this illustration taken on July 12, 2017, a computer network cable can be seen over a Chinese flag. REUTERS/Thomas White/Illustration(Reuters] – China will ban variable interest entities from allowing companies to go public through foreign stock market listings. The move closes a loophole in China’s technology industry that allows it to access capital from investors overseas.
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