The China Securities Regulatory Commission said investors will no longer need to freeze big sums of money for IPO subscriptions and instead can pay only after confirmation of share allocations. Readers of this blog recall back in the spring that we watched China’s IPO schedule every Monday because new IPOs are often over a hundred times oversubscribed and can tie up billions of liquidity in the market.Long-term, the IPO rules do not change the bull or bear trend in the market.
Construction sector drives jump in insolvencies
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New data from the Australian Securities & Investments Commission (ASIC)
shows a big jump in external administrations in March, with 7,742 firms
going und...
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