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Updated: Jun 3,2015 6:05 PM     english.gov.cn

China Cuts Red Tape for Securities Listings Ahead of IPO Reform

China’s securities regulator is scrapping approvals for new exchange-product listings, signaling accelerating efforts to cut administrative red tape before planned reforms of initial public offerings ...

“The State Council is cutting red tape for regulatory approval,” said Gavin Parry, managing director of Parry International Trading Ltd. in Hong Kong. “This should be a good uptick for liquidity in the markets and greater market forces for price discovery is a positive.” ...

-- Bloomberg