Mike Segar | ReutersBEIJING — Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings in the near future.
The new policy included a section on expanding exit channels for venture capital, with an emphasis on supporting companies with technological breakthroughs.
Investors, especially those who put U.S. dollars into China-based venture capital funds, have preferred IPOs in the U.S. as the largest and most liquid market.
Separately, the U.S. has increased its scrutiny of U.S. capital going into China, especially military-related entities.
The China Securities Regulatory Commission has increased fines for misleading investors and clarified requirements for overseas IPOs.
Persons:
Mike Segar, Marcia Ellis, Morrison Foerster, Ellis, Winston Ma, Ming Liao, Didi, Morrison Foerster's Ellis, Fang Xinghai, Fang
Organizations:
New York Stock Exchange, Reuters, State Council, U.S, Venture, NYU School of Law, Investors, Prospect, CNBC, China Securities Regulatory Commission
Locations:
Manhattan, New York City , New York, U.S, Reuters BEIJING, China, Prospect Avenue, Hong Kong, London