China ‘plans to ban’ US IPOs for data-heavy tech firms – business live

[ad_1] Rolling coverage of the latest economic and financial news WSJ: China may ban companies with large amounts of sensitive consumer data from US floats New rules could thwart China tech firms from listing in the U.S. Markets await Jackson Hole symposium Furlough ‘cliff edge’ at Liberty Steel could put jobs at risk 9.07am BST … Read more

The party’s over: China clamps down on its tech billionaires | Chinese economy

[ad_1] In a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, recommended the book Capital in the Twenty-First Century by the French economist Thomas Piketty. “The rich data he used demonstrated that … unrestrained capitalism accelerates wealth inequality … [His] conclusion is worth us pondering on.” Back then, Piketty’s work on … Read more