CSRC issues New Notice on IPO Pre-disclosure

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    Authorities step up to increase IPO transparency

    Investors can have more accessibility to the information of IPO-seeking companies starting from July, as the China Securities Regulatory Commission (CSRC) is to release a preliminary prospectus online within five working days after an IPO-seeking company receives feedback from the CSRC.

    According to the CSRC, the new rule aims at “strengthening the supervision over IPOs, enhancing underwriters' awareness of responsibility, and improving the quality of listed companies.”

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