Date
18 November 2017

CSRC details rules for IPO underwriting, paper says

China’s securities watchdog has put investment banks on notice over a range of prohibited activities during an initial public offering exercise, the China Securities Journal reported Monday, citing a China Securities Regulatory Commission circular. The list of banned behavior includes disclosing more information than allowed, making suggestions of stock prices on the secondary markets and handing out gifts, cash or coupons, the report said. Securities firms underwriting domestic IPOs must also comply with the requirements, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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