China Seen Restarting IPOs This Year by Citic Securities
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China may lift a 12-month ban on new share sales this year following a Communist Party policy summit, according to the nation’s largest brokerage by market value.
The nation’s top party officials will meet in Beijing from Nov. 9-12 to map out a blueprint for reform. Regulators suspended initial public offerings in October 2012 and pledged not to lift the ban until new rules are introduced to curb misconduct and boost protection for investors. The benchmark Shanghai Composite Index, which plunged to the lowest levels in four years in June, has since rallied 10 percent.