China rolls out registration-based IPO system

China has officially rolled out the across-the-board registration-based initial public offering (IPO) system, with relevant rules coming into effect on Friday, according to the country's securities regulator.

This significant milestone marks a major step forward in the ongoing reform of China's capital market, as it puts in place the necessary institutional arrangements for the registration-based system, according to a statement from the China Securities Regulatory Commission.

Source(s): Xinhua News Agency

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