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Regulation

China warns banks against flooding IPO market

Chinese regulators warned investment banks not to overwhelm the market with new listings, saying initial public offerings should remain cheaply priced as authorities try to rebuild investor confidence. The Financial Times RSS reports do not identify the regulators, specify valuation limits or indicate how many offerings may be delayed under the guidance.

Why it matters

Tighter control of issuance may support near-term prices while limiting companies’ access to public capital.

Sources

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