More Chinese companies prefer listing to borrowing

Beijing's efforts to increase borrowing costs make Chinese companies turn to equity markets for financing, a survey has found.

Encouraged by the optimistic prospects for the overall economy and the equity markets, a significantly greater proportion of Chinese companies are seeking a public listing as a way to finance their growth, compared to those that are opting for bank loans, Grant Thornton has found in a survey.

The efforts by Chinese authorities to curb inflation have “led to a tightened money supply and an increase in the cost of loans, making more businesses turn to other means of...

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