On IPOs

Source:Global Times Published: 2015-3-5 23:48:02

China is mulling revising the Securities Law to allow unprofitable companies to go public, because unprofitable firms are different from junk companies, and the former are not necessarily bad companies. The job of judging companies' business prospects should be left to the market.

Xiao Gang, chairman of the China Securities Regulatory Commission, told Securities Times Thursday on the sidelines of the ongoing two sessions.



Posted in: Markets

blog comments powered by Disqus