Planned IPO Reform Is Reason for Hope

With the government's pledge of letting the market play a "decisive role" in the allocation of resources still ringing in our ears, change is already afoot. On November 30, the China Securities Regulatory Commission announced a series of reforms aimed at modernizing its stock listing approach. Public feedback has been largely positive. 

The third plenum of the Communist Party's 18th Central Committee, which backed IPO reform, has sped up the pace of change.