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.
- WeChat 'Glitch' Allows Family to Raise over 2 Million Yuan in 80 Minutes
- China's VAT Rebate Reform Aims to Boost Local Government Fiscal Strength
- Share Splits Raise Stock Market Suspicions
- China Faces Severe Coal Transport Capacity Shortage
- Audi Scraps Plans for New China Dealer Network
- Regions Found to Have 'Critical' Heavy Metal Emissions Now Clean Up Act
- Official PMI Spikes as Producer Prices Rise, Exports Surge
- China Adds 10% Consumption Tax for Superluxury Cars
- News Calendar, December 5-11
- Caixin's Manufacturing Indicator Dips to 50.9 in November
- Sign up to receive our free daily newsletter