FXStreet (Guatemala) – Analysts at BBh noted that China will lift a freeze on IPOs by the end of the year.
Key Quotes:
“This suggests that confidence in the equity market rebound, or at least stability, is improving. IPOs were suspended back in July. China Securities Regulatory Commission official said new IPOs will resume after improvements are made to the listing system.”
“Since the announcement was made after China markets were closed, we will have to wait untilMonday to see how they absorb the possibility of added supply. Before the news, they had built on recent gains, with the Shanghai Composite up 1.9% and the Shenzen Composite up 2.8%.”
(Market News Provided by FXstreet)