Reuters - Two Chinese State-Owned Firms Drop IPO Plans Amid Crackdown
China National Building Material Co and Bank of Dalian have ditched their plans to list shares domestically, highlighting the impact of Beijing's suspension of initial public offerings, writes Reuters. The number of IPO applicants in China has fallen to 666 from more than 800 last November, when the China Securities Regulatory Commission froze the IPO market and started inspecting applicants' books for evidence of fraud, according to latest data posted on its website.
3 June 2013•2 mins read
