From Breakingviews - China IPOs are uncoupling from Wall Street too
A demonstration wheat farm of Syngenta Group China's Modern Agriculture Platform service is seen during a media tour in Wei county of Handan, Hebei province, China June 11, 2021. Picture taken June 11, 2021. REUTERS/Tingshu Wang
MUMBAI, June 12 - China’s primary capital market has never been strongly connected to local economic performance thanks to Beijing’s micromanagement of initial public offerings. Increasingly it is detaching from Wall Street too. Despite a weak stock market and doubts about the vigour of China’s post-pandemic recovery, seeds-to-pesticides maker Syngenta is edging closer to a
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