China Reaffirms Support For Offshore IPOs, But New Listings Likely To Remain Small

News Snapshot:

jxfzsy By Doug Young Offshore Chinese stocks may not be getting off to the best start this year, but don’t blame it on the regulators. China will “steadfastly promote the opening of China’s capital market and work together with all parties to further improve the overseas listing mechanism,” Fang Xinghai, a vice chairman of the China Securities Regulatory Commission (CSRC) said at an industry event last Thursday. His latest show of support for offshore listings by Chinese companies came about a month and a half after U.S. regulators gave a similar show of support at the end of last November....