BEIJING: China’s securities regulator called for talks with its American counterpart after the United States Securities and Exchange Commission (SEC) halted the initial public offerings (IPOs) of Chinese companies amid nearly a US$1 trillion (RM4.22 trillion) share selloff.
The China Securities Regulatory Commission is seeking to step up communication with the SEC to find a suitable resolution, it said in a statement, after the US regulator said it would suspend any Chinese IPOs until companies improved their risk disclosures.