China’s financial magazine Caixin quoted sources close to the regulator on Wednesday, as saying that the China Securities and Regulatory Commission (CSRC) is considering scaling back curbs on private share placements by companies.
Key Headlines:
“Working on changes to the rules such as limits on the sale of shares bought via private placements and the mechanism for pricing shares in private offerings,
The curbs were put in place by regulators two years ago amid concerns about abuse by companies and investors and a lack of transparency on such share sales, which were frequently below the stock’s last openly traded price.”
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