Tighter Scrutiny of IPO Hopefuls 'Meant to Cut Backlog'
(Beijing) – Employees of securities firms are concerned by the regulator's intention to tighten reviews of initial public offerings, and two said the move is designed to reduce the number of listing applicants because there were too many.
All of the 882 companies waiting for China Securities Regulatory Commission (CSRC) approval to go public have been required to submit their financials for 2012 by the end of March. The regulator said it would check the results at randomly chosen firms to prevent fraud.
- Caixin Podcast: Apple's Online Payment Moves in China
- Caixin Podcast: Fare Enough for Beijing's Subways?
- Organ Transplants Enter New Phase of Donations, Official Says
- Underground Disturbance
- Home Burial
- Closer Look: So Apple and Alipay Are Getting Married? Not So Fast
- Job Websites Adapt to Changing Industry by Targeting Individuals, Special Groups
- Graphic: Rising Tide of Investment
- Closer Look: CSRC Should Review Its Approvals-Based IPO System
- China's Growing Private Sector
- Sign up to receive our free daily newsletter
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Chinese Comfort Women: Testimonies from Imperial Japan's Sex Slaves
- Researchers Cast Doubt on State Council Goals to Cut Air Pollution
- Which Way for Smartphone Swipe and Pay?
- What is Authoritarianism?
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- For China's Property Market, All Is Not Lost
- Alibaba Shopping Site Red-Faced after Number of Phone Orders Faked
- Cai Jinyong: A Chinese Voice at the Top of IFC
- Ministry Said to Propose Local Gov'ts Issuing Bonds to Cover Debts