The China Securities Regulatory Commission (CSRC) announced a reform plan for initial public offerings on Saturday, Bloomberg reported, citing a statement made on the CSRC website. The reform will see the Chinese government lift a one-year freeze on new listings. China, the world’s largest IPO market in 2010, with a record US$71 billion raised, hasn’t had an IPO since October 2012 as the CSRC cracked down on fraud and misconduct among advisers and companies. About 50 companies are expected to complete the IPO approval preparations and list or be ready to do so by the end of January.
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