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China vows to deepen reforms in the capital markets

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China unveiled a package of 12 measures to deepen and strengthen the reforms in the nation’s capital markets, including broadening the adoption of registration-based initial public offerings (IPOs) system, speeding up the revision of securities law and so forth.

China will give full play to the role of the newly launched Nasdaq-style tech board - the STAR market in Shanghai as “an experimental field” and steadily implement the registration-based IPO system, which is now applied only on . . .

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