What's news

GOVT AND POLICIES

Rules tightened to curb back-door listings

The Chinese securities regulator has said it will step up regulation on rejected back-door listings, announcing a cooling-off period for firms to restart their listing activities. Businesses that have their first listing rejected will have to wait for three years before seeking approval again, according to a statement on the website of the China Securities Regulatory Commission. Back-door listing refers to a process by which a privately-held company gets included into a stock exchange by purchasing a publicly-traded company.