China’s IPO reform: A double-edged sword

Shanghai’s new technology innovation board is set to apply a new IPO system that focuses on information disclosure. But public investors are likely to face many hidden risks.

The One Country, Two Systems regime has helped to maintain the impression since the late 1990s that while the Chinese mainland is ruled along one-party-led socialist lines, Hong Kong and Macau remain out-and-out capitalist free markets.

¬ Haymarket Media Limited. All rights reserved.

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