China To Resume IPOs After 14-Month Hiatus

On November 30, 2013, the China Security Regulatory Commission (CSRC) published on its website an announcement to re-open the country’s IPO market in January 2014.

China’s IPO procedures will also transition to one based on registration, instead of an approval process controlled by the CSRC.

The move is part of a reform package detailed after the Chinese Communist Party’s third plenum meeting in November.

The Chinese IPO market has been shut since October 2012.

About 50 companies are expected to have finished all IPO procedures and can begin listing in January, 2014.

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