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
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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.