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China To Close Loophole Used by Tech Firms for Foreign IPOs
China is planning to ban companies from going public on foreign stock markets through variable interest entities โ€“ Bloomberg reported Wednesday, citing people familiar with the matter โ€“ closing a loophole long used by the countryโ€™s technology industry to raise capital from overseas investors. From the report: The ban, intended in part to address concer โ€ฆ โŒ˜ Read more

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