chinese ipo

China’s IPO approval officers bestowed unbridled power

The process of gaining approval to list in China is open to corruption as a small number of officers have unchecked power over which applicants go first, economist says.

<div style="text-align: left;"> Guo Shuqing has publicly questioned China’s tedious listing approvals process since he became chairman of the CSRC in late 2011 (Imaginechina)</div>

Lillian Liu

February 22, 2013

China’s securities regulator has long been a gatekeeper of new equity listings through its listing approval process, but the approving officers are bestowed so much unbridled power that issuers end up paying for the privilege to go public.

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