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

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

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

Information about China to ban loophole used by tech firms for foreign IPOs – Bloomberg News

Kevin David Scam or Legit


(Reuters) – 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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