THE landscape for Chinese securities firms is set to be reshaped as a registration-based initial public offering system is expected to be more widely adopted and extended to the A-share main board, where more large-caps and industry juggernauts are listed, industry experts said.
On Friday, the China Securities Regulatory Commission, the country's top securities watchdog, released the official trading mechanism and rules to adopt registration-based IPOs throughout the A-share market. It was 16 days after the CSRC rolled out the draft version.
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