Shanghai IPOs remain subdued despite stimulus

China's weakening economy and lack of fundamental reforms is casting a cloud over the country's IPO market.

Shanghai IPOs remain subdued despite stimulus
Shanghai's stock exchange

China’s securities watchdog will start reviewing applications for initial public offerings today after a two-month break, in the hope that the country’s stock market will gain momentum after the National Day holiday.

However, market participants expect the flow of IPOs to remain subdued. Despite a number of measures designed to shore up confidence, fundamental issues remain.

The first two companies to come before the China Securities Regulatory Commission CSRC will be...

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