By Alexandra Stevenson The New York Times Fri., May 4, 2018 HONG KONG—A gadget maker. An online delivery service. And the electronic payment company owned by the tech giant Alibaba. These are among a spate of Chinese companies expected to open their doors to ordinary investors in Hong Kong over the next year through public listings, following a loosening of rules by the city’s stock exchange. If many of them end up listing in Hong Kong, then China will have accomplished a major goal: keeping its hugely successful tech boom at home. The flurry of big-name Chinese companies potentially choosing to stay home, rather than go abroad, in search of funding is part of a broader push by China, which has sought to develop homegrown champions in an array of sectors. But the new regulations, which allow companies to retain more control, have also been criticized as an encroachment by Beijing on Hong Kong’s legal system and corporate governance standards. Read more: Samsung chip exports soar as firm warns of smartphone struggle Article Continued Below Walmart could close a $12 billion deal with Flipkart, India’s top e-commerce company Apple’s services arm roars to life amid slump in smartphone shipments Xiaomi,… Read full this story
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