China may allow foreign companies to launch IPOs on its stock exchanges and issue corporate bonds, the government said, after President Xi Jinping promised the world his country was committed to opening its markets.
The State Council, China’s Cabinet, late Tuesday posted on its website a notice saying it had granted approval in principle for foreign companies to launch IPOs and issue corporate debt and other financing instruments to “support the widening of foreign companies’ financing channels”.
The announcement was the latest in a series of liberalisation pledges from China as it braces for the incoming Donald Trump administration.
Trump has repeatedly blamed …read more
Source: Gulf times
