Following a reform of the issuing system for new shares, China’s initial public offering (IPO) market resumes in January 2014.
IPO applicants and intermediary agencies have to comply with higher standards regarding integrity and due diligence obligations, one legal expert said. About 50 companies are reported to be planning to list before the end of January 2014, and more than 760 are in line for approval.

“Change from the approval system to registration is a fundamental and systematic change in China for new share issuance, and it results in new higher requirements on legal services in capital markets,” Guo Kejun, a Beijing-based partner at Zhong Lun Law Firm, told China Business Law Journal.
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