Reported about 1 year ago
As of June 22, 2024, the three major A-share exchanges in China have lifted the ban on initial public offerings (IPOs) and resumed accepting and reviewing IPO applications from companies. This decision comes after a period of halted IPO applications due to various factors affecting the A-share market, with the Shanghai, Shenzhen, and Beijing exchanges canceling IPO applications to prevent market confidence collapse. However, last week marked a turning point as the Shanghai and Shenzhen exchanges accepted IPO applications for the first time in six months, while the Beijing exchange accepted applications for three companies after three months, signaling the full recovery of China's capital market operations. The companies being considered for IPOs this time are mostly from strategic emerging industries, benefiting from policy support and high technological content, aiming to boost business operations and expand scale.
Source: YAHOO