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China to reduce state influence on IPOs  Join our daily free Newsletter

MENAFN - 17/11/2013
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(MENAFN) #China may reduce state influence on the stock markets as part of its reform agenda, which includes facilitating listing stocks for companies and making management of state-owned company's more accountable to shareholders, Times of #Oman reported.

Detailed plans released by the government included a pledge to "push forward stck issuance registration system reform", which hints at a slowdown in government influence in initial public offerings (IPOs).


The approval of the #China Securities Regulatory Commission (CSRC) is needed to list in China. The reform will be tested if the Chinese government lifts a suspension of new listings in Shanghai and Shenzhen.

 
 


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