The Chinese securities regulator's tightening on back-door listings now has a major casualty. Shanghai-listed Tibet Tourism has canceled a proposed merger with Beijing-based offline third-party payment firm Lakala, backed by Legend Holdings. The company says changes in market conditions and policy environment are the key drivers behind its decision, which means its long list of […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.