Two men pass the bronze bull at the Shanghai Stock Exchange.
All three of China’s A-share stock exchanges have resumed IPO application acceptance, after a hiatus of half a year, which analysts said will greatly bolster investor confidence.
The China Securities Regulatory Commission (CSRC) announced a phased tightening of the pace of IPOs in August 2023.
On Friday evening, the Beijing Stock Exchange accepted IPO applications from three companies, ending a three-month hiatus. On Thursday evening, the Shanghai and Shenzhen stock exchanges each accepted an IPO application, the first for either bourse after a gap of half a year.
Observers said that the resumption will help foster the long-term stability and growth of the A-share market. They also expect the Chinese stock market to be on a stable track this year as investor sentiment improves.
The long-term investment value of China’s capital market will gradually increase, observers…
