Investment bankers in China scrambled last weekend to update their clients about new opportunities in the Chinese IPO market.
Late on August 23, the China Securities Regulatory Commission CSRC issued a draft regulation, allowing listed companies to list their spin-off subsidiaries domestically.
This is a groundbreaking event, as spin-offs from Chinese listed companies have not been able to list on the A stock market before. For investors, it increases their visibility of potentially valuable assets under big conglomerates and gives them more opportunities for direct investment.
“We are looking into the possibilities,” one investment banker in Shanghai told FinanceAsia...
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