A record number of Chinese companies lining up for initial public offerings (IPOs) terminated their applications in the latest round of IPO investigations that require financial reports be filed to the top securities regulator before March 31.
A total of 76 applicants abolished their IPO plans between March 25 and 29, compared with a record of 48 that withdrew applications in about three months since January, Monday’s China Securities Journal (CSJ) reported, citing the latest data from China Securities Regulatory Commission (CSRC).
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