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People's Daily Online>>China Business

Securities regulator tightens IPO process

By Cai Xiao (Chinadaily.com.cn)

09:13, February 02, 2012

BEIJING - The China Securities Regulatory Commission (CSRC) on Wednesday released the examination and approval processes for the initial public offering of stocks, empathizing regulations on distributors and intermediary agencies would be more timely and strict.

According to CSRC, the relevant documents, including the prospectus of a company, should be available for public access 30 days in advance of the final examination and verification, rather than five days.

A CSRC official said that if a company was found to be acting illegally, distributors and intermediary agencies would be punished and he said the new and detailed measures would be implemented soon.

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