Arab Today, arab today china may resume ipo approvals in july
Last Updated : GMT 08:04:25
Arab Today, arab today
Arab Today, arab today

China may resume IPO approvals in July

Arab Today, arab today

Arab Today, arab today China may resume IPO approvals in July

Shanghai - AFP

China\'s stock regulator could resume approving new stock offers as early as July after an eight-month suspension, state media said Wednesday. The China Securities Regulatory Commission (CSRC) suspended approvals for initial public offerings (IPO) in November to prevent an oversupply of shares and boost the weak stock market. But Yao Gang, vice-chairman of the commission, hinted at a possible resumption at an industry meeting on Tuesday in Beijing, the Securities Times said, quoting unnamed sources. \"What will you do if it resumes on July 30?\" Yao reportedly asked representatives of brokerages and investment banks present at the meeting. Another state-backed paper, the China Securities Journal, also quoted an industry source as saying the resumption could occur in July at the earliest. The reports hit already jittery mainland shares on Wednesday, with the benchmark Shanghai composite index ending the day 0.73 percent lower owing to investor fears of an oversupply of shares. \"It\'s not an appropriate time to resume approvals for companies to list on the main board, which has been sluggish for a while,\" said an analyst at a Shanghai-based brokerage, who declined to be named. \"There is insufficient liquidity in the market, which will not be able to digest the IPOs even if companies get approved,\" he said. The CSRC declined to comment on the reports. Companies that had already passed preliminary hearings for listing would likely be among the first to get the go-ahead for their IPOs if they meet requirements, the China Securities Journal said. The regulator earlier this month issued draft rules, which are open for public comment until Friday, aimed at reforming the current listing mechanism and boosting investor protection.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china may resume ipo approvals in july Arab Today, arab today china may resume ipo approvals in july

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china may resume ipo approvals in july Arab Today, arab today china may resume ipo approvals in july

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday