Listing door 'shut' for PE firms
By Li Xiang and Cai Xiao | China Daily | Updated: 2015-12-24 07:57
Market regulator concerned about overheating, excess valuations on China's New Third Board
China's securities regulator has halted fundraising by private equity companies on the country's new share-transfer system, underscoring increased concerns over an overheating market and the amount of capital the companies have been raising, according to industry sources.
PE firms will not be able to list their shares on the National Equities Exchange and Quotations, better known as the New Third Board - a share trading system for small and startup firms - PE sources told China Daily on Wednesday.
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