China to resume IPOs as it winds down emergency measures

Staff Writer
Columbus CEO

BEIJING (AP) — China's securities regulator says it will lift a moratorium on initial public stock offerings as it winds down emergency measures imposed to stop a market plunge that began in June.

The official Xinhua News Agency and financial news outlets said a spokesman for the China Securities Regulatory Commission, Deng Ge, announced the move Friday. No details were immediately released about when sales would resume.

Regulators suspended IPOs in July after China's main stock index soared to a peak June 12 and then plunged 30 percent. That disrupted fundraising plans for dozens of companies.

The Shanghai Composite Index has surged 17.6 percent in the past month.