FT: Beijing blocks film group’s IPO plans
"Plans for a Hong Kong listing by state-controlled China Film Group, the country’s dominant movie producer, have been blocked indefinitely by Beijing authorities amid a tightening of limits on foreign involvement in media and entertainment."
"The decision to bar the listing by China Film, controlled by the State Administration of Radio, Film and Television (Sarft), the Chinese industry regulator, highlights the determination of senior Beijing leaders to limit the pace of opening the media."
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