China IPOs boom with Beijing's double-edged involvement

Growing government role triggers worries of potential side effects

20230802N Beijing Nokov Science

Game developers are among those to utilize Beijing Nokov Science & Technology's motion capture system. (Photo by Noriyuki Doi)

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- China is increasingly counting on its stock market to boost the country's startup scene, as Beijing seeks an edge in its rivalry with the U.S. on semiconductors and other technological fields.

But its growing grip over the market could prove a double-edged sword, with concerns rising over the impact of new listing rules on the market's growth.

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