A China International Capital Corp. (CICC) branch in Beijing on Tuesday, July 5, 2016. Photo: Bloomberg

That curious Chinese regulation about IPO sponsors also owning stakes? It’s ‘temporary,’ says nation’s biggest investment bank

  • A rule that requires sponsors of initial public offerings (IPOs) on China’s new technology board to also own stakes is “temporary,” said the chief executive of the country’s largest investment bank
  • The bank, which counts two of China’s largest tech companies Tencent and Alibaba as among its major shareholders, said it can strike a balance between their interests
Topic |   Banking & Finance

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A China International Capital Corp. (CICC) branch in Beijing on Tuesday, July 5, 2016. Photo: Bloomberg
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