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Chinese firms’ fundraisings in limbo

By Inquirer - a month ago
SHANGHAI/HONG KONG — Chinese companies are staring at the prospects of a drought of new equity capital as tougher domestic IPO rules and challenges in listing overseas severely curb their fundraisings, putting at risk the floundering economy’s recovery. China’s securities watchdog has sharply tightened scrutiny of IPOs this year, leading to companies scrapping domestic listing

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