China regulator scraps profitability requirements for IPOs on ChiNext board
SHANGHAI (Reuters) – China’s securities regulator said on Friday it would scrap profitability requirements for initial public offerings (IPOs) on Shenzhen’s start-up board ChiNext.
The China Securities Regulatory Commission (CSRC) said it supported moves by companies listed on Shanghai’s STAR Market to introduce strategic investors and announced the launch of new exchange-traded derivatives.
(Reporting Zhang Xiaochong and Andrew Galbraith; Writing by Samuel Shen; Editing by Edmund Blair) OLUSECON Reuters US Online Report Economy 20191108T084337+0000
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