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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
Updated on

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.