Red tape in China's regulatory environment is causing delays in merger and acquisition (M&A) and initial public offering (IPO) transactions, leaving businesses in limbo. The country's complex approval process for foreign investment and listings has resulted in a backlog of deals waiting to be cleared by authorities.

Source: https://www.bloomberg.com/news/newsletters/2024-11-05/chinese-red-tape-leaves-m-a-ipo-transactions-in-limbo