China stock exchanges appoint IPO review committees to clean up listings

China stock exchanges appoint IPO review committees to clean up listings

A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang

The Shanghai and Shenzhen stock exchanges have unveiled a new committee lineup overseeing IPOs and M&A deals under the newly expanded registration-based system, as authorities seek to raise the integrity of such processes and stamp out financial corruption.