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China's securities regulator says IPO queuing indicates confidence in capital market

Feb 27, 2021 - People's Daily Online - English

BEIJING, Feb. 26 (Xinhua) -- While the large number of companies queuing for IPO review on the Shanghai and Shenzhen stock exchanges reflects China's economic transformation and high-quality development, it also reflects the effectiveness of capital-market reform and confidence in the capital market, China's top securities regulator said Friday.

As of Feb. 19, the China Securities Regulatory Commission (CSRC) had greenlighted the IPOs of 66 companies this year, a sharp increase yea...