If you think about how much time Chinese policymakers put into creating a system that gives the market a bigger say in initial public offerings, you might wonder why regulators are suddenly taking a more hands-on approach to new listings.
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What's behind Chinese regulators' backpedaling on new IPO system?
Fear of speculative frenzy prompts deeper scrutiny of public wannabes
China’s registration-based IPO system was supposed to let the market decide which companies go public. So why are regulators now getting more involved? © Reuters
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