China Rolls Out Registration-Based IPO Rules Across Market

China published draft rules Wednesday to roll out the registration-based initial public offering (IPO) mechanism across the domestic stock market, taking a big step toward overhauling the nation’s $11 trillion stock market.

The registration-based IPO system was first adopted by Shanghai’s Nasdaq-like STAR Market in 2019 and later rolled out to start-up board ChiNext in 2020 and the Beijing Stock Exchange in 2021. Now it will also apply to the main boards in Shanghai and Shenzhen, the China Securities Regulatory Commission (CSRC) said.