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Opinion

Shanghai's STAR Market is losing its luster

Creeping return of IPO approvals raises questions over durability of reform

| China
The STAR Market is supposed to represent a new model for domestic exchanges.   © Reuters

Fraser Howie is co-author of "Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise."

Shanghai's STAR Market is not shining as brightly as it once did.

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