China's IPO freeze will hit tech innovation, warn VCs

China's IPO freeze will hit tech innovation, warn VCs

A Chinese yuan currency sign is illustrated inside a bank in Hong Kong, March 25, 2013. REUTERS/Bobby Yip/Files

Chinese venture capitalists have warned the country’s IPO freeze is starving tech startups of funds by keeping market participants locked into existing investments, undermining Beijing’s current push to lift innovation in the economy.

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