China’s markets regulator vowed to tighten listing requirements onshore and beef up checks on publicly traded firms, in its latest effort to inject confidence into the nation’s $9.2 trillion stock market.
The China Securities Regulatory Commission will re-evaluate listing standards for certain sectors, and bolster reviews for companies that haven’t yet made a profit but still hope to do an IPO, Yan Bojin, an official with the regulator, said at a briefing in Beijing on Friday. The CSRC will also guide stock exchanges to modify listing rules, and raise financial requirements for share sales in certain sectors, he said.