, Columnist
China’s IPO Drought Features 35 Exhausted Regulators
Companies trying to go public face onerous layers of scrutiny from an understaffed watchdog.
The Bund bull: Not so dynamic.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
A stock market devoid of IPOs is a stagnant pool.
China is in another listing drought, two years after the IPO floodgates were reopened. So far this year, just 80 companies got the nod from the securities regulator, raising a paltry 15 billion yuan ($2.2 billion).