NewsHK
China's equity regulators have told bankers to hold back new listings and keep them cheaply priced, part of a stated push to restore investor faith in domestic stock markets.
The instruction frames the IPO pipeline as a policy tool rather than a pure financing conduit, and signals that Beijing is prepared to restrain supply in the name of sentiment.
The cheap-pricing requirement is the more precise half of the directive.
Listings that arrive at high valuations can trade below their issue price on day one, leaving buyers with losses and deepening skepticism about the market.
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