Fundraising by Chinese firms in limbo amid tougher scrutiny of IPOs

Fundraising by Chinese firms in limbo amid tougher scrutiny of IPOs

People walk by office towers in the Lujiazui financial district of Shanghai, China October 17, 2022. REUTERS/Aly Song/File Photo

Chinese companies are staring at the prospects of a drought of new equity capital as tougher domestic IPO rules and challenges in listing overseas severely curb their fundraisings, putting at risk the floundering economy’s recovery.