CSRC Denies Rumors of Restrictions on IPOs by Xiaomi-Linked Companies

What’s new: China’s securities regulator denied market rumors Tuesday that it launched probes of companies in smartphone giant Xiaomi Corp.’s industrial chain or restricted such businesses’ plans for selling shares.

In response to social media reports, the China Securities Regulatory Commission (CSRC) said it has not restricted the initial public offerings (IPOs) of companies related to Xiaomi and has not conducted any specific investigations.