16 January 2019

Delay likely for new share sale registration launch, paper says

The top brass at China’s securities regulator want a draft registration system for new share sales to include more qualifying criteria, the 21st Century Business Herald reported Tuesday, citing an unnamed person with knowledge of an internal meeting held before the Lunar New Year holiday. Senior staff at the China Securities Regulatory Commission said the commission cannot make the shift to a new approval system in the short term and there is no time frame for the transition. According to the source, it is still not certain whether the regulator will launch the new system in 2015 as mentioned last year, the report said.

– Contact HKEJ [email protected]



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