Securities regulator targets 100 new listings in A-share market by year-end
Updated: 2014-05-21 06:44
By Cai Xiao (China Daily)
|
|||||||||||
China's securities regulator has confirmed the pace of new share listings in 2014, and about 14 to 15 companies will go public in the A-share market every month starting in June.
The China Securities Regulatory Commission released a statement on Monday night saying that it is supporting the IPO process and working to stabilize market expectations.
|
|
Reactions to the statement were mixed.
"This is good news," said Li Daxiao, Beijing-based chief economist with Yingda Securities Co Ltd. "The move is a big step in the Chinese securities market, and the regulator is carrying out its work in a market-oriented way."
"The number is below expectations, and it won't have much impact on the stock market. Stocks might rally on this news," said Yang Delong, chief strategist at China Southern Fund Management Co Ltd.
"This IPO plan can be good for the stock market in the short term, but it's not good news in the long term," said Hong Hao, a managing director and chief strategist at Bocom International Holdings Co Ltd. "Investors can't make good decisions on pricing because the IPO timing for other companies in line for going public is uncertain," said Hong.
The commission is also studying ways to help Internet and high-technology companies that aren't yet profitable to go public on the Nasdaq-style ChiNext board.
Related Stories
More Chinese companies choose US as destination to go public 2014-05-20 09:58
China eases ChiNext Board IPO restrictions 2014-05-17 11:09
China announces preliminary IPO list 2014-04-19 11:01
Chinese regulator denies resumption of IPOs 2014-04-16 10:58
China's IPO market not shut down: CSRC 2014-04-12 14:25
IPO reform should be done gradually: Official 2014-03-12 07:22
Today's Top News
Price remains hurdle in Sino-Russia gas deal
49 deals cement China, Russia ties
Moscow train crash kills 6
China rebuffs US cybertheft charges
Turk mine company CEO arrested
Russia-China fund puts $1b into deals
China attracts more migrants
US attacks Beijing's cyber space
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Long march to end employment bias |
Variety is the spice of academic life |
Documents prove the truth can't be buried |
Race to remember story of resistance |
Strait talking: From enemy to friend |
Welcome to the world’s largest garbage dump |