Date
18 October 2017

CSRC stops accepting documents from IPO applicants, paper says

The China Securities Regulatory Commission (CSRC) has suspended accepting documents from initial public offering applicants, the 21st Century Business Herald reported Tuesday, citing a brokerage staffer with knowledge of the matter. The regulator is undertaking a reorganization and it may roll out a new form for the IPO prospectus, the source said, in explaining the possible reasons for the suspension. The regulator may also suspend processing the second round of IPO applications until after the annual sessions of the National People’s Congress and Chinese People’s Political Consultative Conference next month. At least 694 companies are on the IPO waiting list at present, the report said.

– Contact HKEJ at digest@ejinsight.com

TL/AC/CG

 

 

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