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The China Securities Regulatory Commission is preparing IPO reforms that would allow market forces, rather than regulators, to dictate the key terms of future listings.
China’s financial examination of IPO candidates has entered into the final stage after weeding out about one-third of the listing hopefuls, boosting hopes that the country’s stock market watchdog may allow the IPO market to re-open as early as the third quarter of the year.
The many global banks that have established securities joint ventures in China knew their investment would take time to pay off. The latest numbers, however, show that process may be taking longer than expected.
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- Fed-up IPO buyers turn to CBs
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