The cabinet could do so and implement a new IPO mechanism as early as on March 1 next year, Xinhua reported. Japan’s Nikkei 225 closed up 0.58%, China’s Shanghai Composite ended up 0.86% and Hong Kong’s Hang Seng rose 0.37%.
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New England gets its 1st taste of winter weather
Meanwhile, points south will see a wintery mix of snow, sleet and freezing rain from about 4 a.m. through midnight Tuesday. Some area road crews salted roads Sunday night, but Schwartz says DeKalb County road crews waited until this morning.
The reform does not mean the regulator will simply delegate the power, but a fundamental switch of the regulatory method, China Securities Regulatory Commission (CSRC), the top securities regulator, said late Sunday in a statement.
Fournette’s 5 TDs lead Tigers over Texas Tech 56-27
LSU is now 49-3 under Miles against non-conference opponents, and the SEC is 2-0 in its inaugural Texas Bowl appearances. Fournette has came close on three occasions this season, and has yet to face a run defense as bad as Texas Tech’s .
While global capital raised via initial public offerings (IPOs) in 2015 was down 25% compared to 2014, Asia-Pacific still remained the bright spot in a global economy that had its fair share of volatile periods ranging from the Eurozone’s Greek crisis to China’s black Monday.
DuPont to cut 1700 jobs from U.S. headquarters
DuPont was legally required to inform DE of the job cuts before the end of the year, ABC News reported . Jack Markell said the announcement of the job cuts is “deeply disappointing”.
The registration-based IPO system will emphasize information disclosure rather than corporate prospects and profitability.
Three mainland mutual funds, including GF Industry Leaders Mixed Assets Fund and ChinaAMC Return Securities Investment Fund, were launched yesterday.
The shift to a more relaxed IPO system has been a key focus for the CSRC this year, but the dramatic stock market crash that began in mid-June put the process on hold as the securities regulator suspended new listings to stabilise the market.
Ho said that the restrictions on new share issuance will be lifted step by step in order to avoid a huge supply of new stocks, adding that companies from the industrial, technology, media and telecommunication sectors will continue to dominate IPO activities in the coming year.
The blue-chip CSI300 index tanked 2.9 percent to 3727.63 while the Shanghai Composite Index lost 2.6 percent to 3533.78 points.
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The ChiNext Index, which tracks China’s NASDAQ-style board of growth enterprises, lost 2.12 percent to close at 2,735.49 points. But initially, it will still control the pace and pricing of IPOs to maintain market stability.
