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China – Reconciling China’s drive for global ascendency and its desire for state control (East Asia Forum)

Roselyn Hsueh writes: The Chinese government created the Shanghai Stock Exchange Science and Technology Innovation Board (STAR) market in 2019 to allow domestic science and technology companies that align with national sector-specific strategies to bypass government approval, raise money and list internationally. The STAR registry promised more relaxed requirements on profitability and pricing based on registration and disclosure in line with global stock markets.

Reconciling China’s drive for global ascendency and its desire for state control | East Asia Forum