中國

Corporate China is in urgent need of an IPO thaw

For the financial mavens out there, here is a question to test your mettle: what was China’s biggest initial public offering of the past year? If you are drawing a blank, there’s a good reason.

The correct answer is: none.

This Saturday will mark exactly one year since the last IPO in China. Chinese companies have listed in Hong Kong and New York, but at home the doors to stock exchanges have been locked firmly shut.

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