China may lift IPO after leadership meeting

Citic Securities Co President Boming Cheng told Bloomberg that China could resume initial public offerings on its domestic stock market. The lifting of the freeze on new listings could occur after the meeting of the Chinese Communist Party would meet on November 9 to November 12. The meeting, to be attended by President Xi Jinping and other party leaders, would tackle economic reforms, Cheng added. Citic Securities is China's biggest brokerage in terms of market value. 


Cheng said in the interview, "We still have reasons to believe that the IPOs may resume before the end of this year, as the policy meeting ends Nov. 12.double sided tape" 

Bloomberg reported that the volatility of the stock market was one reason why China suspended IPOS in October last year. The concern of investors on the financial reporting of newly-listed firms was also another reason for the suspension. 

The China Securities Regulatory Commission had already received IPO applications from 83 companies. Based on their June estimates, Ernst & Young said the firms could raise a combined total of CNY 55.8 billion or USD 9.15 billion. 
“The Chicago deal is regrettable – we’d love to go back and do that over again,” Earnhardt said in post-race. “But as soon as that happened, we really changed our approach and it was more about trying to win a race. Winning a race would really lift all the team’s spirits. 

“You work all season long not to go winless and not to getting to Victory Lane. So I know how much the guys want the win on the team. So that’s what we’re working for now.” 

Earnhardt credited today’s result to his team’s test late last month as Texas, as well as the adjustments made during the race by crew chief Steve Letarte. Additionally, Earnhardt noted that track conditions toward the end of the race were similar to what he and HMS had encountered during the test.