It’s getting tougher for Chinese companies to enter the country’s stock markets as state scrutiny rises.
This was supposed to be a breakout year for China’s stock markets. Buoyed by the post-Covid reopening and newly announced reforms to the way companies list, investors and bankers hoped the country would be a driver of growth while the rest of the world slowed.
Instead, dozens of Chinese companies have canceled their plans for an initial public offering at home — just months after China’s securities regulator had announced major changes supposedly designed to "give the right of choice to
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Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.