China to lift ban on mainland listings soon – AFX

From AFX via Forbes online (link)

China’s securities regulator will lift a ban on new mainland share issues ‘in the near future,’ most likely within the coming month, the South China Morning Post reported, citing sources.

Initial public offerings and refinancing through the Shanghai and Shenzhen markets will resume after a suspension in April 2005, reflecting growing political and market pressures and official satisfaction over the steady progress of state-owned share reform, the report in the Hong Kong paper said.

The first step in lifting the ban would most likely be allowing large A-share listed companies, such as Baosteel, to raise capital by issuing additional shares, the report said.

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