IPO freeze to end in Jan­uary un­der new plan

China Daily (Canada) - - NEWSCAPSULE -

China will re­sume ini­tial pub­lic of­fer­ings in Jan­uary af­ter a freeze last­ing longer than a year un­der a new plan that changes the way com­pa­nies raise funds in the stock mar­ket.

China has not had a new list­ing since Oc­to­ber 2012, when the the China Se­cu­ri­ties Reg­u­la­tory Com­mis­sion cracked down on fraud and mis­con­duct among ad­vis­ers.

In the IPO re­form plan, the CSRC will only be re­spon­si­ble for ex­am­in­ing ap­pli­cants’ qual­i­fi­ca­tions, leav­ing in­vestors and the mar­kets to make their own judg­ments about a com­pany’s value and the risks of buy­ing its shares.

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