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International relations

China enlists Foxconn unit IPO in unification campaign

Mainland luring business and talent from Taiwan to deter independence

BEIJING/SHANGHAI -- The fast-tracked approval process for the Shanghai listing of a core unit of Taiwan's Hon Hai Precision Industry seems to be part of a Chinese effort to woo Taiwanese businesses and put economic pressure on the island's pro-independence government.

The China Securities Regulatory Commission is expected to greenlight an initial public offering for Foxconn Industrial Internet just a month after its application was submitted, setting up a debut as soon as April. It typically takes one or two years for applications to work their way through the pipeline.

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