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China halts more than 20 IPOs sponsored by China Merchants Securities amid probe

August 25, 2022
Source: intellasia.net intellasia.net
News Snapshot:
China halts more than 20 IPOs sponsored by China Merchants Securities amid probe Chinese bourses have halted processing more than 20 initial public offering (IPO) plans sponsored by China Merchants Securities (600999.SS), following an investigation into the broker, according to exchange disclosures. The Shenzhen Stock Exchange has suspended 15 IPO plans set for its ChiNext board, while the Shanghai exchange has paused five IPOs targeting its tech-focused STAR Market since last Friday, exchange filings showed. Three other IPOs targeting the Beijing Stock Exchange were also affected. The bourses attributed the halts to an investigation by the China Securities Regulatory Commission...
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