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Banks To Accelerate IPOs As New Registration System Launches

CHINA PRESS
MNI (Singapore)

Chinese banks are expected to accelerate initial public offerings (IPO) as strict controls on listings of financial institutions will be eased after the launch of a registration-based IPO system, 21st Century Business Herald reported Friday citing analysts. Lenders, particularly small ones, will have a chance to replenish capital, improve balance sheets and enhance their capacity to provide loans by listing, analysts said, pointing out that only 42 banks have been listed among 5079 firms on the A-share market. The new system will also benefit the stock value of securities brokers as listings, delistings and market trading will increase.

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