Listing disclosure throws light on Chinese IPOs

Transparency has always been a sensitive issue in China. There’s an old Chinese saying that good news stays at home, while bad news travels a thousand miles. In reality, things often happen the other way around in China. 

Recently, information disclosure has become the most sought-after improvement among Chinese publicly traded companies and in a bid to boost transparency, the securities regulator has for the first time announced the names of more than 500 companies seeking approval for IPOs in the A-share market. It has also ordered the companies to file a preliminary prospectus one month before a scheduled listing assessment, which is up from five days previously....