China tightens scrutiny on offshore listings in sectors off-limits to foreign investment -Breaking
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© Reuters. FILEPHOTO: This illustration photograph shows a China Yuan note on May 31, 2017. REUTERS/Thomas White/IllustrationSHANGHAI (Reuters – China Monday said that foreign investors restricted by Beijing must be approved for listing offshore.
The National Development & Reform Commission (NDRC) also said that foreign capital must not participate in operation and management of such companies, and foreign stakes in them must be capped.
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