|China has frozen
domestic IPOs to try and protect shares
In a move that could pull down standards at the Shanghai and
Shenzhen stock exchanges, the government has indicated that a
new growth market could soon be introduced at Shenzhen.
At the end of March, the China Securities Regulatory
Commission set out plans to regulate its Growth Enterprise
Market. These were set to come into effect on May 1, suggesting
the market itself may be established soon.
"China knows it needs to improve the quality of the main
board of the Shanghai and Shenzhen stock exchanges and the
companies listed on...