IPO rules move China towards investor driven market

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China's new rules governing IPO pricing could signal a reduced government involvement in the listing process and allow for more market-driven pricing.The…

China's new rules governing IPO pricing could signal a reduced government involvement in the listing process and allow for more market-driven pricing.

The rules, following draft guidelines issued by the China Securities Regulatory Commission (CSRC) on June 5, should allow the market to regulate itself through a new pricing mechanism.

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