Beijing's Stock Rescue Turns More Desperate: Regulators Reportedly Halt IPOs

Beijing's Stock Rescue Turns More Desperate: Regulators Reportedly Halt IPOs China's version of the "Plunge Protection Team" was back in action on Tuesday.The Financial Times reports that the securities regulator has instructed investment banks to pause initial public offerings, curbing new equity supply. The reported intervention follows a series of measures aimed at reversing the bear market, suggesting Beijing is increasingly uncomfortable with the stock downturn that began over the summer.The report says that the China Securities Regulatory Commission delivered informal "window guidance" in meetings with major investment banks over the last few days. The new restrictions would remain in effect until the CSI 300, mainland...

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