Ken Wang covers China's ECM and the equity-linked market for IFR. Before joining Thomson Reuters IFR in January 2011, he worked as a stock editor for China Finance Online.
China’s vow to clamp down on the excessive use of follow-on placings, in particular private share placements, faces its first test after two securities companies unveiled plans to raise a combined Rmb31bn (US$4.52bn).
A massive sell-off in high-growth Chinese stocks last week has led to speculation that regulators will tighten control over equity fundraisings after a record 2016.
China’s first sizeable A-share IPO of the year has left little doubt that regulators intend to maintain their tight control on new listings.