Chinese regulators have taken further steps to relieve the pressure on the country’s equity market caused by the backlog of companies waiting to list.
Chinese companies applying to list on domestic stock markets must have their underwriters closely examine their annual results as a way of rooting out fraudulent statements, local media reported yesterday.
The China Securities Regulatory Commission will form 15 working groups to inspect dozens of the results statements when they are submitted at the end of March, according to the reports.
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