Closer Look: Investment Bankers, Companies Got Extra Reason to Cheer on New Year's Eve

(Beijing) – The sun was setting on the last day of the 2013 and while most people were rushing home to celebrate New Year's Eve, a group of business people and investment bankers was holding a tense countdown of their own.

The group was waiting for the China Securities Regulatory Commission (CSRC) to name companies it would allow to go public. For those who had labored toward getting this permission for months, it was their last chance to end 2013 with a victory.