China rolls out registration-based IPO system across the board

STORY: China rolls out registration-based IPO system across the board DATELINE: Feb. 17, 2023 LENGTH: 00:01:54 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of views in China and stock market 2. SOUNDBITE 1 (English): HUANG DONGWEN, General Manager of Strategic Planning Division, Hitachi Elevator (China) Co., Ltd. 3. SOUNDBITE 2 (English): ALBERT KEIDEL, Adjunct professor of economics, George Washington University in the U.S. STORYLINE: China has officially rolled out its 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. Of milestone significance in the reform of China's capital market, the move has basically put in place the institutional arrangements for the registration-based system, the China Securities Regulatory Commission said in a statement. The rules involve simplifying listing requirements, optimizing registration procedures, improving the regulations on underwri