PRC Gem rules released

The China Securities Regulatory Commission (CSRC) has 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 (首次公开发行股票并在创业板上市管理暂行办法) on March 31. The measures allow initial public offerings to take place on or after May 1 2009.