Can Regulators Turn a Corner for IPO Reform?

"Is it possible to end IPO application reviews?" Posing this startling question recently was China Securities Regulatory Commission Chairman Guo Shuqing.

A fierce debate has ensued in the wake of Guo's remarks at an internal staff meeting. That's because the CSRC-led vetting process that affects every company seeking an initial public offering in China is the biggest, most stubborn impediment to efficient capital allocation through the nation's stock markets.