China Suspends Over 40 IPOs Amid CSRC Regulatory Probe

The CSRC is investigating a broker, a law firm, an asset appraisal firm, and accounting firm over their alleged involvement in share sales. Chinese regulators have reportedly frozen more than 40 IPOs amid a widening investigation into service providers involved with the share sales. The CSRC (China Securities Regulatory Commission) has reportedly initiated investigations against Beijing Tian Yuan Law Firm, China Dragon Securities, CAREA Assets Appraisal and Zhongxingcai Guanghua Certified Public Accountants over their involvement in share sales. According to Reuters , 42 IPOs on Shanghai's STAR Market or Shenzhen' ChiNext board involving these service companies have been halted, although…