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The corporations in the food industry have already been given the "red" rating, according to the FT. Additionally, businesses that make coronavirus detection tests were subject to the restrictions.
The CSRC has also given businesses in the apparel and furniture industries a "yellow" designation. Their initial public offering applications will be looked at more closely.
The FT experts think that these actions demonstrate China's efforts to make stock markets work for the government’s purposes. The CSRC has previously pledged not to impose limitations on securities offerings on stock exchanges, according to experts.
428 Chinese firms raised 587 billion yuan ($87 billion) on markets in Shanghai and Shenzhen in 2022. More than 760 companies are preparing to go public on Chinese stock exchanges, but some of them may suffer as a result of CSRC limitations, according to FT.
source: ft.com
The CSRC has also given businesses in the apparel and furniture industries a "yellow" designation. Their initial public offering applications will be looked at more closely.
The FT experts think that these actions demonstrate China's efforts to make stock markets work for the government’s purposes. The CSRC has previously pledged not to impose limitations on securities offerings on stock exchanges, according to experts.
428 Chinese firms raised 587 billion yuan ($87 billion) on markets in Shanghai and Shenzhen in 2022. More than 760 companies are preparing to go public on Chinese stock exchanges, but some of them may suffer as a result of CSRC limitations, according to FT.
source: ft.com
