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China sets out move to liberalise IPO rules to streamline listings

China sets out move to liberalise IPO rules to streamline listings

Saturday, December 28, 2019, 8:58 PM

China will gradually liberalise rules governing IPOs of stocks, expanding a simple-registration-based route to market rather than the current system of pre-approval by regulators, according to an amended Securities-Law that was approved by parliament on Saturday. The amended legislation, due to take effect from March-1, removes complex and time-consuming watchdog-scrutiny before listings and is designed to streamline listing-procedures for companies eager to go public.
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