SHANGHAI: China has approved five firms to list on mainland stock exchanges, ending a year-long freeze on initial public offerings (IPOs) as authorities look to reboot a reformed market in 2014.
The long-awaited move is a boon to the more than 750 companies whose IPO applications are pending with the regulator but will bring trepidation to equity investors, who fear that new listings will siphon off demand from existing shares.
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