The first batch of registration-based initial public offerings of enterprises debuted on the ChiNext board on the Shenzhen Stock Exchange on August 24, 2020. Photo: Xinhua.
The first batch of registration-based initial public offerings of enterprises debuted on the ChiNext board on the Shenzhen Stock Exchange on August 24, 2020. Photo: Xinhua.
IPO

China’s regulator widens pilot scheme to attract red chip companies to raise funds at home in Shanghai or Shenzhen

  • The China’s securities watchdog has broadened fundraising avenues for offshore-incorporated Chinese companies, or red chip firms, analysts said
  • Many of China’s top tech firms are already listed offshore as red chips, as firms like Baidu, Xiaomi form new economy sector fuelling 18 per cent GDP

The first batch of registration-based initial public offerings of enterprises debuted on the ChiNext board on the Shenzhen Stock Exchange on August 24, 2020. Photo: Xinhua.
The first batch of registration-based initial public offerings of enterprises debuted on the ChiNext board on the Shenzhen Stock Exchange on August 24, 2020. Photo: Xinhua.
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