13 December 2019

IPO resumption seen in January, Xinhua says

Chinese regulators have published guidelines on the reform of the initial public offering (IPO) process, paving the way for the potential resumption of public listings next year, the official Xinhua news agency reported. The changes include a shift from an approval-based listing process to one based on registration. Valuations and risk assessments will be left to investors and the market, the report said. Fifty of 760 listing candidates in the pipeline are expected launch IPOs at the end of January, Yangcheng Evening News reported. 

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