Off the wire
• Lula da Silva accepts to be presidential candidate despite prison sentence  • Colombian gov't, rebels to seek new ceasefire accord  • 2nd LD-Writethru: Syria vows military response to possible Turkish military campaign  • 1st LD: Syria vows military response to possible Turkish military campaign  • Urgent: Syria vows military response to possible Turkish military campaign  • Lula da Silva accepts to be presidential candidate despite prison sentence  • Colombian gov't, rebels to seek new ceasefire accord  • 2nd LD-Writethru: Syria vows military response to possible Turkish military campaign  • 1st LD: Syria vows military response to possible Turkish military campaign  • Urgent: Syria vows military response to possible Turkish military campaign  
You are here: 　

Chinese regulator approves zero IPO applications in past week

Xinhua,February 10, 2018 Adjust font size:

BEIJING, Feb. 10 (Xinhua) -- China's securities regulator did not approve a single Initial Public Offering (IPO) application in the past week amid tightening scrutiny.

Up to 18 companies have got the green light from the China Securities Regulatory Commission (CRSC) to go public so far this year. The approval rate is much lower as the country moves to improve the quality of listed companies.

The CSRC has started rigorous approval procedures for IPOs since a new review committee came into office in October, rejecting or suspending more than half of IPO applications.

China has sought to normalize IPOs to improve financing efficiency and direct more money into the real economy since it suspended IPOs between July and November 2015.

The regulator is seeking to balance between easing the IPO backlog, keeping the market calm and improving the quality of listed companies. Enditem

 

Related News & Photos