IPOs from western regions get priority
Source: Xinhua |
August 14, 2012, Tuesday
|
Print Edition
Print Edition
CHINA'S securities regulator has given priority to enterprises from the country's western regions that are seeking approval for initial public offerings.
The move, starting from this month, aims to promote the development of the country's western regions, China Securities Journal reported yesterday, citing sources from the China Securities Regulatory Commission.
Enterprises from western regions that are applying for an IPO on the Shanghai or Shenzhen markets will be specially labeled, according to the CSRC.
Currently, 129 enterprises nationwide are seeking approval to list in Shanghai, while 629 are applying for IPOs in Shenzhen, according to the CSRC's announcement on Friday.
However, the CSRC seems to have slowed down the pace of approving new IPOs amid a poorly performing stock market, although it had previously hinted that an IPO suspension was unlikely.
No new prospectus has been published since July 16, according to the CSRC's website.
The CSRC has begun to disclose prospectuses of enterprises seeking IPOs and going under its preliminary examinations since February this year, and it is the first time that no new prospectus has been disclosed for more than 25 days.
The move, starting from this month, aims to promote the development of the country's western regions, China Securities Journal reported yesterday, citing sources from the China Securities Regulatory Commission.
Enterprises from western regions that are applying for an IPO on the Shanghai or Shenzhen markets will be specially labeled, according to the CSRC.
Currently, 129 enterprises nationwide are seeking approval to list in Shanghai, while 629 are applying for IPOs in Shenzhen, according to the CSRC's announcement on Friday.
However, the CSRC seems to have slowed down the pace of approving new IPOs amid a poorly performing stock market, although it had previously hinted that an IPO suspension was unlikely.
No new prospectus has been published since July 16, according to the CSRC's website.
The CSRC has begun to disclose prospectuses of enterprises seeking IPOs and going under its preliminary examinations since February this year, and it is the first time that no new prospectus has been disclosed for more than 25 days.
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