2022 should be a big year – the latest of many – for China’s primary equity markets, both onshore and offshore.
Why? For one thing, the ruling Party needs to figure out where its main stock market should be. For years, and rather counterintuitively – given its obsession with control – Beijing has rather muddled along, making things up as it went.
From the 1990s, many of the country’s big state firms were allowed to sell shares overseas, notably in Hong Kong and the US.
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