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China to stabilise markets, adopt registration-based IPO system

China to stabilise markets, adopt registration-based IPO system

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang

SHANGHAI: China will prevent volatility in capital markets and adopt a registration-based IPO system next year, chairman of securities regulator Yi Huiman told state-backed news agency Xinhua on Thursday (Dec 30).

Yi also said China will step up regulation of fund raising and M&A activities in some sensitive areas.

Source: Reuters/aj

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