China's private placement boom on borrowed time

China's private placement boom on borrowed time

Liu Shiyu, chairman of the China Securities Regulatory Commission, drinks tea at a news conference on the sidelines of the National People's Congress (NPC), China's parliament, in Beijing, China, March 12, 2016. Picture taken March 12, 2016. REUTERS/Jason Lee

A three-year boom in private share placements in China, a handy way around tighter control of public share issuance, is running on fumes as Beijing turns its sights on the speculative excesses and dubious value the boom has engendered.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter