The price the West will pay for its shaky finances and shrinking global vision: Increasingly, an illiberal China will set the rules.
China’s securities regulator is looking to cull the nearly 900-strong backlog of companies seeking to list on domestic stock exchanges.
Foxconn Unit Plans IPO That Could Raise $1 Billion
Exact amount company wants to raise hasn’t been decided
ALEC MACFARLANE in Hong Kong and
ALYSSA ABKOWITZ in BeijingJuly 5, 2016 6:20 a.m. ET
HONG KONG—Taiwan’s Hon Hai Precision Industry Co., which assembles most of Apple Inc.’s iPhones, filed for an initial public offering of its cable and connector unit in Hong Kong that could raise up to $1 billion as it seeks to tap the growing demand for its products in cloud computing.