REFORMIST: HK, China spat over tech IPOs turns toxic

Xiaomi, issuers and mainland investors have been caught in the cross-fire between bourses. While the prize of hosting China’s tech unicorns is worth fighting for, exchanges should not lose sight of who they ultimately serve: investors.

The battle between exchanges to host China’s new economy companies has hit a new level of intensity: the collateral damage is also piling up.

¬ Haymarket Media Limited. All rights reserved.

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