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Economy
In reply to the discussion: Weekend Economists Out on an Idle Idol Idyll November 15-17, 2013 [View all]xchrom
(108,903 posts)17. The Chinese Government Looks Like It's Reining Back Its Intense Control Over IPOs
http://www.businessinsider.com/chinese-government-ipo-control-2013-11
SHANGHAI (Reuters) - China may reduce the influence of the state on stock markets as part of its sweeping reform agenda, including by making it easier for companies to list their stocks and making management of state-owned enterprises more accountable to shareholders.
In a pointer to a winding back of government influence in initial public offerings (IPOs), detailed plans released on Friday night included a pledge to "push forward stock issuance registration system reform" -- a term previously used to refer to the listing process.
In developed economies, the process largely requires a company to register and go through a rigorous audit before investors make a decision on whether or not to buy the stock.
To list in China requires the approval of the China Securities Regulatory Commission (CSRC). An early test of the leadership's commitment to reform will be if it lifts a year-long suspension of new listings in Shanghai and Shenzhen.
Read more: http://www.reuters.com/article/2013/11/16/china-reform-ipo-idUSL4N0J106I20131116#ixzz2koHyBbbw
SHANGHAI (Reuters) - China may reduce the influence of the state on stock markets as part of its sweeping reform agenda, including by making it easier for companies to list their stocks and making management of state-owned enterprises more accountable to shareholders.
In a pointer to a winding back of government influence in initial public offerings (IPOs), detailed plans released on Friday night included a pledge to "push forward stock issuance registration system reform" -- a term previously used to refer to the listing process.
In developed economies, the process largely requires a company to register and go through a rigorous audit before investors make a decision on whether or not to buy the stock.
To list in China requires the approval of the China Securities Regulatory Commission (CSRC). An early test of the leadership's commitment to reform will be if it lifts a year-long suspension of new listings in Shanghai and Shenzhen.
Read more: http://www.reuters.com/article/2013/11/16/china-reform-ipo-idUSL4N0J106I20131116#ixzz2koHyBbbw
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