Stricter listing standards lead to mass IPO withdrawals in China

Stricter listing standards lead to mass IPO withdrawals in China

FILE PHOTO: A bell bearing the logo of the Shenzhen Stock Exchange is seen during a companies listing ceremony in Shenzhen, Guangdong province February 25, 2011. REUTERS/Stringer/File Photo

A staggering 315 Chinese companies have withdrawn their initial public offering (IPO) applications so far this year, with more than 100 pulling out in June alone.