MNI BRIEF: China To Control IPO Quality, Increase Delisting
China’s top securities regulator said it will strictly control the quality of initial public offerings and increase delisting efforts to improve the quality of listed companies and maintain capital-market stability, according to a statement by the China Securities Regulatory Commission on its website Sunday.
The CSRC will encourage and support various institutional investors to increase counter-cyclical allocation and guide more medium and long-term funds to enter the market, the statement said. (See MNI: China Should Limit IPOs, Boost Growth To Lift Stock Market)
It also wants to crack down on major illegal activities such as market manipulation, malicious short selling, insider trading, and fraudulent IPOs. (See MNI: China Needs To Make Delisting Companies Easier - Advisors)