SECURITIES REGULATORS PRUDENTLY REOPEN IPO DOOR IN CHINA
AsiaInfo Services, June, 2009
AsiaInfo Services 06-19-2009 Securities Regulators Prudently Reopen IPO Door in China SHENZHEN, Jun 19, 2009 (SinoCast Daily Business Beat via COMTEX) -- Guilin Sanjin Pharmaceutical Co., Ltd. (SZSE: 002275) wins an IPO nod from Chinese securities regulators and is about to sell shares in Shenzhen, a signal that China's securities watchdog China Securities Regulatory Commission (CSRC) is willing to relax its IPO restrictions on the nation's recovering stock market. The CSRC allows some small-sized companies to conduct IPOs at this time, aiming to test the market's responses, industry experts believed.
It once halted public offerings in September 2008 because the market largely withered. Although there are concerns over the IPO restart, most financial institutions...
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