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IPOs Slow Amid Tightening Regulations

CHINA PRESS
MNI (Singapore)

Stricter control over the quality of applications for companies planning to list will become the new normal, China Securities Journal reported. As of March 18, 67 companies have terminated their IPO applications amid tightening regulations, more than the 43 terminations over the same period last year. The pace has fallen significantly with only 24 companies achieving initial listings to raise a total CNY20.4 billion, down from the previous 56 companies raising CNY47.5 billion.

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