摘要
RINGING IN REFORM A ceremony on April 10 celebrates the listing of the first batch of shares under China’s registration-based initial public offering(IPO) system on the main board of the Shenzhen Stock Exchange in Shenzhen, Guangdong Province in south China.In a registration-based(as opposed to regulator approval-based) IPO system, companies can go public if they fulfill the necessary disclosure requirements. This is the system in place in many developed countries and regions. China has rolled out the registration-based IPO reform, which it initiated in 2018, across the board this year.
