With onsite inspections, China dials up scrutiny of local market IPO hopefuls

With onsite inspections, China dials up scrutiny of local market IPO hopefuls

FILE PHOTO: A Chinese flag and a stock graph are seen in this illustration picture taken April 30, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Chinese regulators are scrutinising old business deals and even the personal bank accounts of senior executives as they ramp up inspections of IPO hopefuls to slow the pace of fresh capital raisings and boost secondary markets, according to 10 sources.