In an effort to shore up flagging share prices on its two domestic stock exchanges, China's regulators have quietly issued a new moratorium on new share issues, the Wall Street Journal reported, citing securities analysts on Tuesday. The analysts said the decision could further marginalize China's poorly performing stock markets, as many Chinese companies will seek overseas listings to raise capital. The new share issues freeze will likely to last through 2005, according to stock exchange officials in Shanghai and Shenzhen.
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