Shenzhen Bourse Wants to Shine a Light on Shady IPO Shareholders

Companies seeking to list on Shenzhen’s Nasdaq-style market for high-growth, high-tech startups have been told to reveal more information about their shareholders, as regulators intensify efforts to stop illegal or unethical financial conduct by weeding out organizations and individuals hiding their true identities and preventing pre-IPO investors bagging illicit profits.