China Regulator Halts 42 IPOs on Probe of Broker, Law Firm

CSRC probing China Dragon Securities, Law Firm Tian Yuan
Halts come amid broader crackdown on private sector by Beijing

Views of Shanghai as Xi's Indefinite Rule Feeds Doubt China Will Play by the Book — Photographer: Qilai Shen/Bloomberg

Bloomberg News

August 23, 2021, 3:48 AM UTCUpdated onAugust 23, 2021, 9:27 AM UTC

China’s market regulator halted 42 initial public offerings in Shanghai and Shenzhen after starting a probe into an investment bank, a law firm and other parties involved in the deals.

The news of the shelved IPOs was reported by Shanghai Securities News, which cited disclosures by the exchanges and company filings.