China Change IPO Rules, But No Long-Term Impact

Barron's: China: Why Lifting The IPO Ban Won’t Derail The Bull Market
The China Securities Regulatory Commission said investors will no longer need to freeze big sums of money for IPO subscriptions and instead can pay only after confirmation of share allocations. Readers of this blog recall back in the spring that we watched China’s IPO schedule every Monday because new IPOs are often over a hundred times oversubscribed and can tie up billions of liquidity in the market.
Long-term, the IPO rules do not change the bull or bear trend in the market.

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