China imposes new restrictions on offshore IPOs that use variable interest entities (VIEs), aiming to close a loophole used by tech and other industries (Bloomberg)

Bloomberg:
China imposes new restrictions on offshore IPOs that use variable interest entities (VIEs), aiming to close a loophole used by tech and other industries  —  - Rule would hit new listings via the so-called VIE structure  — China has stepped up scrutiny of foreign tech listings

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