On November 30 2013, the day the 14-month IPO freeze was lifted, the China Securities Regulatory Commission (CSRC) issued the Opinions on Further Promoting the Reform of the System for Offering of New Shares (关于进一步推进新股发行体制改革的意见) (Opinion), in order to relieve burdens and give flexibility to the IPO of Chinese companies.
IPO reform not going as planned
Regulators were right to ease the burdens for an IPO, but they failed to close loopholes for exploiting share prices and transfers. Though the new Measures enhance supervision, a paradox remains: more control is needed before China's stock market can be liberalised
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