PRC websites prepare for IPO launches

Foreign investors will not be able to take part in the shareholding reform that Chinese websites undergo as they prepare for their initial public offering (IPO) launches on the domestic stock market.

“It's clearly difficult, if not impossible for foreign investors to be introduced,” said Philip Qu, a partner at the Beijing office of TransAsia Lawyers. “It would involve many regulatory and technical legal issues in addition to the general policies in relation to such news portals.”