HONG KONG – Five companies halted plans to sell shares on Monday after China’s securities regulator moved to tighten restrictions on new listings, the latest sign of challenges as the mainland seeks to reopen its stock markets to new offerings after a yearlong ban.
The China Securities Regulatory Commission announced on Sunday that it would start investigations of companies that are marketing their initial public offerings to investors, monitoring comments made by executives during such meetings to ensure they did not break the law by disclosing information not included in their public stock exchange filings.
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Neil Gough, The New York Times via CHINA US Focus http://ift.tt/1dt7Nzp
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