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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.

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