Deals
China Plans Faster IPO Approvals in Capital Markets Push
- Regulator wants four companies a week to get the nod
- Watchdog said to relax requirements on profitability, fund use
Photographer: Qilai Shen/Bloomberg
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China’s securities regulator is pushing to speed up and simplify the review process for initial public offerings, people with knowledge of the matter said, as the government tries to improve companies’ access to funding.
China Securities Regulatory Commission officials pledged at a work conference this week to relax requirements for IPO issuance and make it clear to issuers that it doesn’t impose a fixed threshold for annual profit, said the people, who asked not to be named because the comments weren’t public. The regulator aims to have at least four IPO applications approved each week, they said.