21 March 2019

CSRC issues new rules to boost IPO share liquidity, HKEJ says

The China Securities Regulatory Commission (CSRC) said in a revised set of guidelines on initial public offerings that existing shareholders can now sell stakes held by them for at least three years to other investors during an initial public offering, the Hong Kong Economic Journal reported Tuesday. The new rules aim to increase the size of public floats and promote share liquidity, which would help investors make rational decisions amid greater supply in the market. The CSRC has effectively lifted a 13-month ban on A-share IPO applications after unveiling revised rules for new listings on Monday, the report said.

– Contact HKEJ at [email protected]





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