Industry News

China Regulator to Change Listing Rules for Property Developers

(Bloomberg) — China’s government plans to change the procedure for real estate companies to raise capital through initial public offerings, according to a senior official of the securities regulator.

The China Securities Regulatory Commission is in discussions with the Ministry of Land and Resources to change the rules, said Zhu Congjiu, assistant to the securities regulator, during a press conference today in Beijing.

“The procedure will be similar to how we ask the bank regulator or the insurance regulator to issue their supervisory opinions to us whenever a bank or an insurer applies for listing,” Zhu said.

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