China is drawing up a blacklist targeting new companies in sensitive sectors that use the variable interest entity structure, reported the Financial Times.
China is said to be drawing up a blacklist that will make it harder for new technology companies to raise foreign funding and list overseas, according to the Financial Times.
The blacklist could be published as early as this month, according to the report, which cited unnamed people familiar with the matter. It will include start-ups in sensitive sectors that use the so-called variable interest entity structure, the FT reported. Red flags fly in front of the Great Hall of the People as the third session of the 13th National People's Congress opens on May 22, 2020 in Beijing, China.China is said to be drawing up a blacklist that will make it harder for new technology companies to raise foreign funding and list overseas,
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