China healthcare firms nix IPO plans as they face scrutiny in anti-graft drive

China healthcare firms nix IPO plans as they face scrutiny in anti-graft drive

Photo by Hush Naidoo on Unsplash

A growing number of healthcare companies in China are shelving their initial public offering (IPO) plans as its stock exchanges have stepped up scrutiny of the pharmaceutical industry’s business practices amid an escalating anti-corruption drive.