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China’s market regulator told banks that IPO processes already underway would continue but that it would not take up new listings for now, according to The Wall Street Journal. The reported pause follows market concerns related to artificial intelligence.
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A pause in new listings could affect companies seeking to raise capital in China and investors in its markets. U.S. businesses and investors with exposure to Chinese markets may be affected indirectly; the article gives no details on the scale of any effect.