China resumes initial public offerings on market recovery

China’s securities regulator said yesterday that it would allow the resumption of initial public offerings in China, lifting a suspension put into effect in July as regulators desperately tried to slow a devastating stock market crash.

China Securities Regulatory Commission (CSRC) spokesman Deng Ge made the announcement in Beijing.

The CSRC said that 28 companies which had seen their already-approved listings halted by the freeze would be the first out of the gate, adding that they have two weeks to prepare for the resumption, with the first batch of 10 companies launching after November 20.