Regulator to Take Hard Look at Firms Waiting to List
(Beijing) – The securities regulator has ordered an unusually tough review of last year's financials for all IPO candidates in an effort to weed out unqualified applicants and enhance the others' information disclosure.
Reports from the 21st Century Business Herald say the review would be based on a policy the China Securities Regulatory Commission (CSRC) announced in December. It requires all companies waiting for the regulator's approval to go public to examine their financials for 2012 and submit the results before the end of March.
- Record Number of Applicants in China Vie for 'Iron Rice Bowl' Jobs
- Chinese State-Owned Shipping Company Declared Bankrupt
- China's SOE Supervisor Gets Tough on Corruption
- Li Ka-shing Company to Tune Out Satellite TV Channel
- China to Conduct Second National Pollution Survey
- Li Ka-shing Sells Shanghai Commercial Complex for 20 Billion Yuan
- China's Industrial Profit Growth Slows; Ferrous Metal Sector Surges
- New Regulations Target Bad Loans of 'Zombie Enterprises'
- Closer Look: Future Looks Brighter for Insurance Companies' Third-Party Asset Managers
- Several Local Pensions Funds to Be Ready to Invest in Equity Market Before End of Year
- Sign up to receive our free daily newsletter
- Chinese Workers' Salaries Fail to Keep Pace with GDP Growth, Study Finds
- Shanghai Seeks to Enforce Ban on Overseas Curricula at International Schools
- Air China Jet Flies in Wrong Direction after Takeoff
- Air-Scrubbing Tower Gives Beijingers Breathing Room
- China's Largest Cities Attracting Fewer Migrants, Study Shows
- Holiday-Season Ticket Sales See First Decline In Nearly Decade
- Gap Between Outbound Direct Investment, Foreign Direct Investment Continues to Grow
- Poor Parenting Hinders Development of China's Rural Children, Study Shows
- Xiaomi Unveils New Smartphones as Apple and Samsung Falter
- Debt-To-Equity Can't Be The Only Way to Deal With Corporate Debt