China’s stock market regulator is finally cracking down on umbrella trusts in a bid to defuse a potentially dangerous situation.
This week, CEO Wang Jianlin missed the opportunity to become the richest man in China when the much awaited Dalian Wanda IPO turned out to be a damp squib and Xiaomi was valued at $45 billion, way higher than Uber.
Regulators have suspended IPOs on China’s stock markets. What’s their strategy, and how will it affect Chinese companies? To a casual observer, the recent behavior of Chinaʼs financial supervisor might seem a bit odd. In June of last year a petition began circulating online that demanded the China Securities Regulatory Commission (CSRC) slow the pace […]