Why China’s New Tech Exchange Has Regulators Worried
about 3 years in Washington Post
While China has some of the world’s biggest technology companies, many are listed in the U.S. and Hong Kong. A trading venue opened in Shanghai two years ago made it easier for them to access funding at home. The Nasdaq-style SSE STAR Market has relatively relaxed rules on listing and trading that drew the attention of big names including Jack Ma’s Ant Group Co. and Semiconductor Manufacturing International Corp. But it also attracted a slew of other companies lured by the prospect of easy cash,