The US SEC Suspends Approval of VIE Structure Listing For Chinese-Funded Firms
The VIE structure was created two decades ago to help skirt Chinese rules restricting foreign investment in a number of sensitive industries such as media and telecommunications. Q2 2021 hedge fund letters, conferences and more SEC Suspends Approval of VIE Structure ListingThe chairman of the US Securities and Exchange Commission (SEC) Gary Gensler said via his official Twitter account that he has asked SEC personnel to stop processing China mainland companies' registrations for US IPOs through shell companies. He also pointed out that when Chinese companies are expected to go public in the Un...