New IPO rules and challenges for domestic funds

Hubert Tse
Yuan Tai PRC Attorneys
[email protected]

The China Securities Regulatory Commission (CSRC) announced the resumption of IPOs soon after releasing the Guiding Opinion on Further Reform and Enhancement of the System for Offering of New Shares (New Opinion) (《关于进一步改革和完善新股发行体制的指导意见》), which took effect on June 10. IPOs had been suspended since September 2008.