CCCDR Structural Issues Addressed

Monday’s CCCDR meeting did more than discuss the coronavirus pandemic – it also passed four documents on larger structural issues: a plan for reforming the ChiNext stock exchange, a plan for protecting and restoring major national ecosystems, guidelines for promoting health development for younger people and an implementation plan of major reform measures. The ChiNext reforms will make it easier for companies to IPO as under the new listing mechanism, companies seeking an IPO will no longer need approval from the China Securities Regulatory Commission, greatly shortening the waiting period.

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