Beijing GEM rules released

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    IPOs allowed on junior board from May

    The China Securities Regulatory Commission (CSRC) has today released rules enabling IPOs to be made on a new junior board in Shenzhen.

    Despite doubts expressed by some lawyers only a few weeks ago, the CSRC issued the Tentative Measures for the Administration of the Initial Public Offering of Shares and the Listing thereof on the Growth Enterprise Market (?????????????????????) on March 31. The measures allow initial public offerings to take place on or after May 1 2009.

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