China to Scrap IPO Upfront Payments From Jan. 1 in Interim Step

  • New rules were first announced in November as halt lifted
  • Shift to registration-based system may begin as soon as 2016

China will scrap the upfront payment rule for initial public offerings from Jan. 1 as regulators seek to create a more level playing field for the country’s army of individual investors before the start of more substantial reforms.

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