China Technology Blacklist to Tighten VIE Rules: FT

China is preparing a blacklist to restrict the main channel used by start-ups to attract international capital and list overseas, the Financial Times reported, in a bid to limit foreign shareholding in the next generation of tech companies.

The blacklist will target new companies in sensitive sectors that use so-called variable interest entities (VIEs) – used by Alibaba and Tencent among others – for their China businesses. The changes are not expected to apply to existing VIE structures.

Read the full report: Financial Times.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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