The country's securities regulator approved three applications this week but large China-based businesses are increasingly looking west to go public.
The China Securities Regulatory Commission (CSRC) has approved three applications for initial public offerings, bringing an end to a two-month hiatus.
China initially set a 14-month moratorium for IPOs in October 2012 without giving an official explanation, but 48 companies were permitted to list in early 2014. However, new offerings stopped in March, a development analysts attributed to poor market conditions, or loopholes supposedly discovered in new IPO rules issued in 2013, Marketwatch stated.
The approvals, for Nanjing Kangni Mechanical…
