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China tightens rules on overseas listings

Beijing has tightened the rules on overseas listings by Chinese firms in a series of new regulations that increase scrutiny of companies seeking to raise funds on foreign stock markets. China has stepped up scrutiny of major overseas listings after a controversial New York initial public offering (IPO) by ride-hailing giant Didi Chuxing (ๆปดๆปดๅ‡บ่กŒ) went ahead this year, despite regulatory concerns at home. In the latest measure to increase oversight, Chinese authorities on Monday said that co...
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The year China went rogue on itself: Will crackdowns hamper economic growth?

From entertainment to technology, there is scarcely any sector left that Chinese President Xi Jinping hasn't cracked down upon in 2021. As a result of the stinging regulations imposed by the Communist Party of China in the name of ''common prosperity,'' the country's firms are dropping out of the list of top 10 most valuable firms. In a massive setback, Chinese markets have lost $1.5 trillion, with the country's biggest real estate firm Evergrande on the verge ...
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