China expands its OTC market allowing SMEs to raise capital

 

It has been a fruitful year for China’s equity market reformers: They overhauled old delisting rules, streamlined the application process for mergers and acquisitions of public companies and promised to reopen new initial public offerings (IPOs) next year. On 14th December, the State Council made a further move to expand access to credit for small and medium-sized enterprises (SMEs), the impact of which will be felt in the next five years.

 

 

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