China Stock Exchanges Appoint IPO Review Committees to Clean Up Listings

The Shanghai and Shenzhen stock exchanges have unveiled a new committee lineup overseeing IPOs and M&A deals under the newly expanded registration-based system, as authorities seek to raise the integrity of such processes and stamp out financial corruption.

The bourses have each appointed 30 people as members of two review committees — one for new listings, and the other for restructuring as well as mergers and acquisitions (M&A) — the exchanges announced Friday.