Chinese Companies Are Looking to List Again: Profits Not Required
After a long lull, IPOs are on the up in mainland China — at least for firms aligned with the government’s economic priorities.
Employees and executives from Mingyang Electric ring the bell to mark the company's listing on the Shenzhen Stock Exchange, June 30, 2023. Credit: Xia Shengquan via Zhongshan
After a two-year lull, the number of Chinese companies looking to list on domestic stock markets is back on the rise.
Healthgen's IPO prospectus. Credit: SSE
Last Tuesday Healthgen Biotechnology, which makes blood plasma proteins from genetically modified rice, launched an initial public offering process through which it hopes to raise 2.4 billion yuan ($336 million) on the STAR market, Shanghai’s version of the Nasdaq. Xi’an Eswin Material Technology, which makes silicon wafers for ch
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The Entity List has become one of America’s favorite weapons in its economic arsenal. The Trump administration just increased it by more than 20,000 companies, provoking ire from Beijing and putting it at the center of this month’s sudden and dramatic deterioration in Sino-U.S. relations.
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