Deals
China to Resume IPOs by Year-End as Stocks Enter Bull Market
- New share sales were halted in July to support equity market
- Resumption to hurt investor sentiment, Partners Capital says
China's Bulls Are Running Again
This article is for subscribers only.
China will lift a five-month freeze on initial public offerings by the end of the year, removing one of its key measures of support for the stock market as equities recover from a $5 trillion rout.
New share offerings will restart after improvements to the listing system, Deng Ge, a China Securities Regulatory Commission spokesman, said at a briefing in Beijing. SGX FTSE China A50 Index futures dropped 0.7 percent at 7:21 p.m. in Singapore amid concern that new offerings will divert funds from existing equities.