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  • Beijing Review

    ECONOMY

    Apr 23, 2020 5 minutes

    IPO Issuance

    China will maintain a generally steady pace in approving applications for initial public offerings (IPOs) while ensuring stable market operation, Shanghai Securities News reported on April 13.

    The issuance of the IPOs will not be suspended due to any factors, nor will they be done in large batches or a centralized manner, the report said, quoting sources from authorities.

    The China Securities Regulatory Commission (CSRC) has been advancing the issuance of new IPOs in a regular way since the outbreak of COVID-19, leveraging the capital market’s role in supporting epidemic prevention, work resumption and development of the real economy.

    Related departments are mulling rules on handling interim performance fluctuations due to the epidemic and will enhance the capital market’s resilience in forestalling risks, according to the report.

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