ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Market forces set to take charge in Chinese listings (well, almost)

China's government recently stirred local stock markets by signaling the end of a ban on new listings on the Shanghai and Shenzhen bourses and the ChiNext board. Still, the 760-plus applicants who have been waiting in the wings -- some for nearly 14 months -- should not get too excited. In the first days of the new year, the authorities granted two batches of approvals for a total of 11 initial public offerings.

     Under new guidelines issued by the China Securities Regulatory Commission (CSRC), underwriters will have a much larger role in determining key matters such as pricing and allocations. But government regulators will retain a heavy hand in managing the new issue pipeline in what will remain, for the foreseeable future, a mainly domestic capital market.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more