Regulator urges China to simplify listing approvals

China's securities regulator should step back from its role as gatekeeper of new share listings, bankers say.

Regulator urges China to simplify listing approvals

No other sector epitomises the controlled nature of China’s state capitalism as much as the country’s primary equity market. The country’s powerful securities regulator, via its listing assessment committee, decides who among the hundreds of cash-thirsty listing applicants can tap the equity markets and also when and sometimes how they can do it.

Now this decades-old practice is being challenged by the new head of the China Securities Regulatory Commission CSRC, Guo Shuqing,...

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