Listing disclosure throws light on Chinese IPOs

In an attempt to improve transparency, China is setting the bar higher for IPO candidates such as bear-bile producers and copyright infringers.

Listing disclosure throws light on Chinese IPOs
A worker extracts bile at a bear farm owned by Guizhentang Pharmaceutical

Transparency has always been a sensitive issue in China. There’s an old Chinese saying that good news stays at home, while bad news travels a thousand miles. In reality, things often happen the other way around in China. 

Recently, information disclosure has become the most sought-after improvement among Chinese publicly traded companies and in a bid to boost transparency, the securities regulator has for the first time announced the names of more than 500...

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