Before the promulgation of China's M&A Rules in 2006, the so-called Little red-chip model was a common way used by private Chinese companies to seek listing on overseas stock exchanges.
Little red-chips get an overseas opening
China's M&A Rules effectively blocked domestic Chinese companies from raising money on overseas capital markets. But recent Ministry of Commerce guidelines may have provided a way out. By Zhou Jiaxing, Or & Partners, Hong Kong.
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