Companies now have "improved" visibility in their bid to go public as a result of the registration system, Ringo Choi, Asia-Pacific IPO leader at EY, told CNBC.
"The ChiNext reform has ... laid the groundwork for implementing the system on the main board and the SME board that targets small and medium-sized firms," Vice-Premier Liu He said on the day that 18 companies listed successfully under the new ChiNext rules,Other reforms at ChiNext include extending the daily stock limit to allow for greater volatility. Stocks on the Shenzhen board can now gain or lose up to 20% in a single trading session, compared to 10% previously.
Asked about the SZSE's intervention, Choi said it was a "good reason" for the authorities to keep a close a close eye on companies which have seen unusual price fluctuations.
americans need to stop making garbage comments that are not related to the us politics or presidential candidates. how old are you. this very technical article talks about reforms in Chinese stock market. if someone wants to shitpost at least do it in a related article.
What difference. All Chinese garbage companies are owned by the government
A market is not a capitalist economic system. China is a Marxist market system. The small and medium sized companies are owned by the state. JP Morgan has jumped ship for safe shores. I’m sure that they are happy with the events of Hong Kong.
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