China To Rein In U.s. Ipos By Entertainment Companies

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The Chinese government on Saturday announced tough new rules that will limit mainland tech firms listing on U.S. stock markets. Surprisingly, this looks like being an area where the two superpowers are likely to agree. The move will prevent a repeat of the embarrassing incident that took place this month where ride hailing giant Didi Chuxing listed in New York, but was twice struck down by regulatory penalties within a week of its IPO.

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