科技企業

China's plan to lure homegrown tech unicorns falters

China’s plan to lure homegrown tech unicorns such as Alibaba and Baidu on to domestic capital markets has been hit by a bearish mainland stock market and concerns by investors and issuers over a government-enforced cap on share prices.

China’s cabinet formally approved a framework in March to allow to foreign-listed companies in strategic industries to bypass rules governing mainland initial public offerings, including bans on exotic structures such as dual-class shares and variable-interest entities.

Such prohibitions helped push Alibaba, Baidu and JD.com away from the Shanghai and Shenzhen bourses to New York, sparking embarrassment and soul-searching in Beijing and prompting the listing mechanism known as China depository receipts (CDRs).

您已閱讀14%(749字),剩餘86%(4503字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。
設置字型大小×
最小
較小
默認
較大
最大
分享×