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China pledges to speed up approval of stock listings

Faster approvals will attract new capital and boost investor confidence, says the top securities regulator

Beijing

CHINA'S top securities regulator has pledged to speed up approvals of initial public offerings (IPOs), as the government seeks to attract capital and boost domestic growth.

Buoyed by the capital market's recovery from a 2015 rout, the China Securities Regulatory Commission (CSRC) on Sunday indicated it would loosen its grip on the nation's stock markets.

The CSRC decides which companies offer shares and when, as well as setting guidelines for the number of shares and their price - all of which...

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