An investor napping in front of an electronic board at a brokerage house in Huaibei, Anhui province on June 4, 2012. Contrary to global conventions, China’s stock market uses the colour red to represent gains and advances, using green to denote losses and declines, so a greenlit board represents losses across the market. Photo: REUTERS

Behind China’s drought of initial public offerings lies 35 exhausted and overstretched regulators

  • Every IPO application involves seven members of the listing committee, and there are more than 200 outstanding applications
Topic |   IPO

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An investor napping in front of an electronic board at a brokerage house in Huaibei, Anhui province on June 4, 2012. Contrary to global conventions, China’s stock market uses the colour red to represent gains and advances, using green to denote losses and declines, so a greenlit board represents losses across the market. Photo: REUTERS
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