Date
24 September 2017

China securities regulator signals restart of IPO review

China’s securities regulator on Saturday unveiled a list of 28 companies applying for stock market listings, signaling a restart of the initial public offering (IPO) review, Xinhua news agency reported over the weekend.

Of the 28 companies on the list, 16 were seeking to list on the main board of the Shanghai Stock Exchange, while 4 were aiming to list on the small and medium-sized enterprises board in Shenzhen and the remaining 8 on the ChiNext Board, the report said, citing the China Securities Regulatory Commission (CSRC).

A spokesperson from the CSRC was quoted as saying Friday that the regulator has streamlined the process of IPO review, especially the information disclosure which was moved up to before the primary review. The adjustment aims to improve the transparency, dubbed as part of the efforts to intensify regulation.

As of Thursday last week, a total of 606 companies were waiting for listing on the country’s two bourses, according to CSRC data.

– Contact HKEJ [email protected]

SK/RC

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