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在线翻译:
szdaily -> Business_Markets -> 
Investors want relaxed rules for tech IPOs
    2018-03-16  08:53    Shenzhen Daily

MOST Chinese investors expect regulators to relax rules on initial public offerings (IPOs) by technology companies and would like to invest in such domestic listings, the Shenzhen Stock Exchange said Wednesday, citing a recent survey.

The exchange said its survey showed that nearly 90 percent of respondents said Shenzhen’s startup board ChiNext should strengthen its support to hi-tech firms.

Most investors are in favor of lowering financial threshold for their IPOs, or accepting dual-class shares, according to the survey.

The survey results, published on the exchange’s website, fit with regulators’ desire to bring home overseas-listed tech giants. Many of China’s biggest tech companies, including Alibaba Group Holding Ltd., Baidu Inc., JD.com Inc. and Tencent Holdings Ltd., are listed offshore.

China may allow its offshore-listed tech firms to sell a form of shares on the mainland, or China depositary receipts (CDRs), sources said.

Domestic media have reported that the country’s big overseas-traded technology companies are investigating ways to float shares on the Shanghai and Shenzhen stock exchanges.

Smartphone maker Xiaomi Corp. is said to be considering a mainland listing as part of a much-anticipated 2018 coming-out party. And Baidu chief executive officer Robin Li, Sogou Inc.’s Wang Xiaochuan and Yao Jinbo, founder of the Craigslist-style service 58.com Inc., have separately declared their ambitions of listing their companies on domestic bourses when regulations permit the creation of CDRs.

“After 2005, when we listed in America, we immediately communicated with the China Securities Regulatory Commission,” said Li last week. “We’ve always had a dream to be listed back in China.” (SD-Agencies)

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