SHANGHAI—China’s leaders vowed to revamp the country’s IPO system, transforming it from one under which the government decides which companies can list to a Western-style system in which companies can go public on their merits.
The shift is a significant loosening of government control over China’s struggling stock markets, which have performed dismally despite strong economic growth. The change in rules for initial public offerings would remove a major regulatory obstacle that has long been criticized for distorting…
See the article here: China Plans to Ease Grip on IPOs
沒有留言:
張貼留言