Regulator Fine Print Curbs Media Fund-Raisers

(Beijing) – China's media companies itching for access to capital markets are getting no relief from regulators who've decided to monitor recent fund-raisers before allowing more.

Two companies – Hangzhou-based publisher Zhejiang Daily Media Group Co. Ltd. and southern China's Guangzhou Daily Newspaper Group – raised money through back-door listings on domestic exchanges. Guangdong Nanfang Media Group Co. Ltd. and Shandong Dazhong News (Group) Co. Ltd. sold medium-term bonds to undisclosed financial institutions.