Managing new listings
Print Edition
THE China Securities Regulatory Commission says it will manage the pace of new share listings to ease pressure on the stock market, as the government seeks to tamp down rising volatility after this week’s market plunge of over 10 percent.
“We will make rational arrangements regarding IPO approvals in order to insure a smooth transition from the approval system to the registration-based system,” commission spokesman Deng Ge said at a regular news conference yesterday.
Deng said companies planning to list will need at least two weeks to prepare their applications to meet new regulations on listings published in December.
The commission said it is drafting rules for the migration to the US-style registration-based IPO system.
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