ôThere are three problems in China a big, unfunded legacy pension, the overhang of non-tradable shares and corporate governance issues,ö Pozen says. ôYou know the expression, to kill two birds with one stone Well IÆve got a stone that can kill all three.ö
He notes that the Chinese government has already implemented a policy of requiring 10% of proceeds from foreign initial public offerings to go to the Rmb201 billion $25.1 billion...
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