www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

IPOs set to resume amid rebound

By Li Xiang (China Daily) Updated: 2015-11-07 07:50

IPOs set to resume amid rebound

The trading center of the Shanghai Stock Exchange. The benchmark Shanghai Composite Index had a tough year in 2013, declining by about 7 percent. Zhang Ming / Xinhua

China's securities regulator said on Friday that it will resume initial public offerings by companies after halting the fundraising mechanism since July to stem the dramatic market slide during the summer.

The China Securities Regulatory Commission's move came as the benchmark Shanghai Composite Index had rebounded by 20 percent from the low in August following a rout that wiped out $5 trillion in market value.

The decision was widely regarded by analysts as a timely and positive move to restore the financing function of the stock market, which will benefit the country's economy overall.

"The IPO resumption was a bit surprising, as it took place earlier than the market's expectation. It is a positive step, and we don't think the new share supply will heavily burden the market, since liquidity is very abundant," said Hong Hao, chief strategist at investment bank BOCOM International Holdings Co in Hong Kong.

Ten of the 28 companies that had already gained regulatory approval for new share sales before the market rout will be among the first to launch their IPOs after Nov 20, the CSRC said.

"The market has been gradually stabilized, and the IPO resumption will offer a reasonable supply that will help improve market vitality and benefit its long-term development," Deng Ge, the CSRC spokesman, told a news conference.

On Friday, the regulator also announced a set of new measures to reform the current IPO mechanism, which marked a further step toward a market-oriented listing system.

The measures include scrapping the requirement for full payment of shares in advance when an investor bids to subscribe new shares. This will prevent the IPOs from locking up too much capital, the CSRC said.

In addition, the regulator further simplified the pricing procedure for small-cap IPOs under 20 million shares, which will help reduce the financing costs of smaller companies.

The current system is an approval-based system under which the regulator controls the timing and price of IPOs, which could result in a government endorsement of companies' profitability that distort share prices.

The IPO reform by the CSRC came as the country's top legislature is reviewing the amendment of the country's Securities Law, which is expected to introduce a much-anticipated registration-based IPO mechanism.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩美女大全视频在线 | aaa在线| 欧美黑人巨大最猛性xxxxx | 免费国产a国产片高清不卡 免费国产不卡午夜福在线 免费国产不卡午夜福在线观看 | 欧美最新的精品videoss | 日本三级成人中文字幕乱码 | 黄色美女一级片 | 精品久久久久国产免费 | 亚洲人成网站在线观看播放 | 亚洲高清在线观看 | 在线成人播放毛片 | 波多野结衣在线观看一区 | 国产成人精品曰本亚洲78 | 欧美一级aⅴ毛片 | 亚洲精品91| 欧美色成人tv在线播放 | 欧美在线一区视频 | 99爱在线观看精品视频 | 亚洲精品二区中文字幕 | 久久久一区二区三区 | a级片在线免费观看 | 一本综合久久 | 久久成 | 中文字幕亚洲欧美日韩不卡 | 日本在线毛片视频免费看 | 亚洲产国偷v产偷v自拍涩爱 | 亚洲成年男人的天堂网 | 欧美精品久久天天躁 | 国产亚洲精品xxx | 国产初高中生粉嫩无套第一次 | 国产午夜在线观看视频播放 | 岛国毛片在线观看 | 亚洲精品手机在线 | 91精品国 | 精品视频99| 在线观看一级毛片免费 | 成人毛片免费观看视频在线 | 欧美毛片日韩一级在线 | 成年人免费在线视频观看 | 免费国产高清精品一区在线 | 又黄又www|