Tighter check hurts China's IPO market in January
By Verain Ye |
February 1, 2013, Friday
|
Print Edition
Print Edition
CHINA'S initial public offering market was dormant for a second straight month in January as the securities regulator tightened supervision over the listing process to weed out unqualified applicants, an industry report said yesterday.
The Chinese mainland's two stock markets saw no new listing last month while only three mainland-based companies launched IPOs on Hong Kong's bourse, Beijing-based Zero2IPO Research Center said in a report. The three IPOs marked a 40-percent fall from a month ago and 78.6 percent annually.
The three IPOs raised US$511 million, down 55 percent from a year earlier, the report showed.
The China Securities Regulatory Commission has suspended IPO approvals since December and ordered companies that have applied for IPOs on the domestic bourses to do internal checks of financial documents to prevent false disclosures and profit manipulation.
As of January 25, nine firms have halted their IPO filings since the financial check was ordered, while 876 firms were still waiting for approval.
The Chinese mainland's two stock markets saw no new listing last month while only three mainland-based companies launched IPOs on Hong Kong's bourse, Beijing-based Zero2IPO Research Center said in a report. The three IPOs marked a 40-percent fall from a month ago and 78.6 percent annually.
The three IPOs raised US$511 million, down 55 percent from a year earlier, the report showed.
The China Securities Regulatory Commission has suspended IPO approvals since December and ordered companies that have applied for IPOs on the domestic bourses to do internal checks of financial documents to prevent false disclosures and profit manipulation.
As of January 25, nine firms have halted their IPO filings since the financial check was ordered, while 876 firms were still waiting for approval.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
