CSRC simplifies pricing process for A-share IPOs

Just months before China’s once-in-a-decade reshuffle of its top leadership, securities regulators are speeding up reform of the country’s capital markets. The latest changes allow A-share issuers and their underwriters to set initial public offering prices directly or after preliminary price inquiry a move that will simplify the process.

The new policy aims to improve the flexibility of the way IPOs are priced and encourage issuers and underwriters to adopt innovative pricing procedures. Companies and their bankers can also decide the lock-up period, the China Securities Regulatory Commission CSRC said on its website. The commission is reported to have met on Monday afternoon to finalise the new measures. ...