In the news: CSRC restarts IPOs, China cracks $64 billion underground bank and ranks top for clean energy investment
November 25, 2015 | BY
Katherine Jo &clp articlesThis week the CSRC approved the Shenzhen and Shanghai listings of 10 companies, authorities busted the country's largest underground bank and a study ranked China as the top emerging market for clean energy investment
The China Securities Regulatory Commission (CSRC) has approved five listings each on the Shanghai and Shenzhen stock exchanges. The 10 companies had already been given the go-ahead before the IPO freeze in July. The CSRC announced it would resume IPOs and released new rules that no longer require investors to deposit funds when applying for new share subscriptions and reduce the amount of cash that bidders need for IPOs. This restarting of IPOs – after a 5-month freeze – will test the government's goal of avoiding another stock market bubble. It will also draw money away from bonds – and possibly real estate – and instill hope for the glory days of the year through mid-June 2015. Participants would do well, however, to remember that equities markets can and do crash, even in China.
More from CLP:
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now