Date
20 October 2017

Beijing to loosen control over IPOs, WSJ says

China will revamp its initial public offering regime to a western-style system under which companies can go public on their merits, the Wall Street Journal reported Sunday. At present, the government decides which companies can list. The shift is a significant loosening of government control over China’s struggling stock markets which have performed dismally despite strong economic growth. The change would remove a major regulatory obstacle that has been criticized for distorting supply and demand and artificially inflating valuations of new listings, the report said.

– Contact HKEJ at [email protected]

RA

EJI Weekly Newsletter

Please click here to unsubscribe