China is likely to reopen the domestic initial public offering market after a key Communist Party meeting ends on November 12, Bloomberg reported, citing estimates from Citic Securities president Cheng Boming. Regulators suspended IPOs in October last year and pledged not to lift the ban until new rules were introduced to curb misconduct and boost protection for investors. The China Securities Regulatory Commission is drafting rules to curb misconduct that would establish stiff penalties for investment banks before ending the freeze on listings.
Categories