Regulator happy with progress of listing norms

Though the regulators are talking about the success of the new listing norms, marketmen are of the view that there are still some grey areas in the mechanism that need to be addressed.

"By reviewing the several new shares issued after the A share market resumed initial public offerings, we believe that we are approaching the initial targets. Several indicators have shown the improvement brought about by the reforms," a senior official with the China Securities Regulatory Committee (CSRC) said in an internal meeting.

The CSRC has set three main targets for the new listing norms viz. giving individual investors more rights to subscribe new shares, freeing up capital for subscription and shrinking the price gap between primary market and secondary market.