(Corrects exchange name in headline)
The Shenzhen Stock Exchange said a media report on Wednesday citing an SSE staff member as saying that initial public offering approvals could resume this year is incorrect, news website Caijing.com.cn reported Thursday. An exchange representative said the staff member quoted — Lan Banghua from its IPO department — is only a junior official and will face disciplinary action for his comments. Unnamed analysts were quoted as saying that even if IPO approvals are to be reactivated, the news should come from the China Securities Regulatory Commission, instead of an exchange, the report said.
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