CSRC toughens IPO process with roadshows spot check
The China Securities Regulatory Commission will be conducting random spot checks on management roadshows in a bid to stop companies and brokers from revealing information that are not included in their IPO prospectus, China’s securities regulator said on January 12.
Companies and brokerage firms found to gone against the CSRC’s wishes will be penalised, while their IPO could also be suspended.
In addition, the CSRC is also asking companies to publish a risk alert at least once a week starting three weeks before the beginning of the IPO
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