csrc-ends-china-ipo-drought

CSRC ends China IPO drought

The moves comes in response to a bull run in the A-share market, which is up 70% since last June.
The China Securities Regulatory Commission came out with new regulatory measures, known as Document 32, permitting the resumption of domestic IPOs in the early hours of Thursday morning.
Such regulations have been long awaited. The government cancelled new IPOs in the middle of last year to allow much-needed structural market reforms following a four-year bear market.

However, the CSRC clearly feels that the marketÆs impressive six-month bull market, with the benchmark Shanghai composite index gaining nearly 70% since June 2005, justifies resumption. The index had previously fallen from 2,245 points in mid-2001 to a 998 point low in mid-2005.

The regulations provide a list of conditions, such as a requirement for IPO candidates...
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