From AFX via Forbes.com (link)
China will soon resume approvals for mainland initial public offerings (IPOs), ending an almost one-year suspension, the China Securities Regulatory Commission (CSRC) said in a statement.
On its website the CSRC announced a draft of new rules covering the reform of mainland stock markets. It did not say when the new issues will resume.
While the announcement was largely expected, it indicates that regulators are largely satisfied with an ongoing program to list non-tradable state-held shares and that they are confident that the market will be able to absorb new issues, analysts said.
In the Financial Times (link, subscription only), Geoff Dyer writes:
China’s stock market regulator said on Monday new share offerings would begin again “soon” after a year-long freeze.
It also said foreign funds might be allowed to invest more on mainland markets.
