A wave of fast flowing reforms may raise the levels of capital market fluidity in China, but players must navigate the undercurrents, writes Richard Li
The tide raises all ships, as an old saying goes, and China’s markets are witnessing a rising swell of reform bringing stronger inflows and outflows of capital – a tide being keenly observed at home and from abroad.
Along with the resumption of the long-suspended initial public offering (IPO) market, the change from the current approval system to a registration regime for issuing new shares is now a critical issue in the domestic capital market.
The simplified procedure and requirements may attract more companies to bring in money through IPOs, but at the same time they need to shoulder more responsibilities regarding information disclosure. The regulator is leaving investors to make their own judgments here, so the authority is showing lower tolerance for false or misleading information.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
