China will allow initial public offerings only after new rules aimed at boosting protection for investors go into effect, a China Securities Regulatory Commission official with knowledge of the matter said.
Companies that have already been cleared by the regulator in a listing hearing will be allowed to proceed with their share sales if they fulfill the new requirements, said the official, who asked not to be identified because he wasn’t authorized to speak publicly about the matter. The regulator is seeking public feedback on the proposed rules until June 21.
