China clamps down on IPOs, seeking to limit market disruptions

Securities regulator moves to curb new listings with eye on stability

20230827N China regulator

China previously suspended IPOs in 2013 and for about five months in 2015. © Reuters

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- China's securities regulator announced plans Sunday to gradually curb initial public offerings in a step aimed at limiting market disruptions.

In addition to startups taking a hit from curtailed access to capital markets, the move may hinder China's goal of improving its industrial structure.

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