China’s new share sales, which once dominated the global IPO market going by proceeds, already slowed late last year when regulators started a phased restriction on IPOs to promote a “dynamic equilibrium” between investment and financing As China’s stock regulator turns screws of scrutiny, some 47 companies have shot down their plans for initial public offering (IPO) in the country. Compared to the 47 so far this year, there were just 29 withdrawals during the same period a year earlier, according to stock exchanges records. China Securities Regulatory Commission (CSRC), under new chairman Wu Qing, solicited regulatory opinions from market participants and fined a company for fraudulen
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