CSRC to tighten surveillance on IPO applicants

The assessment will focus on risk disclosure and operational performance evaluation. Underwriters and auditors are required to complete self-examination reports of listing candidates submit them to the CSRC before March 31.

A sponsor should withdraw an IPO application if the company's situation is not up to the required standards, according to Yao Gang, vice chairman of the CSRC. A company, its sponsors and auditors would likely face administrative and criminal punishment if financial reports are found to be false.

Market sources speculate that around 10-20% of applicants will withdraw their applications due to poor performance and insufficient financial data.

Meanwhile, the CSRC is in the process of rolling out 15 special teams to randomly pick 20-50 companies from the IPO waiting list for the further investigation. As of January 4, there were a total of 541 companies applying for the main board, and another 341 for the ChiNext board.

In 2012, 154 enterprises listed in the mainland, down 45.2% from a year earlier.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Greater China
• Regulation
• China
• regulation
• IPO