𝟔𝟏𝟑. ፝֯֟ Ē𝐓𝐄𝐑𝐍𝟒𝐋 Ø𝐅 𝐁𝟒𝐍𝐆𝐓Ã𝐍

CLOSEDOWN ─ 𝟲𝟭𝟯-𝗢𝗙𝗖 𝗘𝗧𝗘𝗥𝗡𝗔𝗟 𝗢𝗙 𝗕𝗔𝗡𝗚𝗧𝗔𝗡 Telegram | DID YOU KNOW?

China’s stock markets are some of the largest in the world, with total market capitalization reaching RMB 79 trillion (US$12.2 trillion) in 2020. China’s stock markets are seen as a crucial tool for driving economic growth, in particular for financing the country’s rapidly growing high-tech sectors.Although traditionally closed off to overseas investors, China’s financial markets have gradually been loosening restrictions over the past couple of decades. At the same time, reforms have sought to make it easier for Chinese companies to list on onshore stock exchanges, and new programs have been launched in attempts to lure some of China’s most coveted overseas-listed companies back to the country.

To pay the bills, Mr. Durov is issuing investors $1 billion to $1.5 billion of company debt, with the promise of discounted equity if the company eventually goes public, the people briefed on the plans said. He has also announced plans to start selling ads in public Telegram channels as soon as later this year, as well as offering other premium services for businesses and users.