China Market falls on IPO woes
Capital Market The Mainland China stock market finished session softer on Monday, 23 November 2015, amid caution ahead of upcoming new share sales. The Shanghai Composite Index declined 0.6% to close at 3610 points. China's securities regulator said on Friday that 10 companies have completed preparations for initial public offerings (IPOs) as a five-month freeze on new share sales ends. The China Securities Regulatory Commission (CSRC) has restarted IPOs for five companies to list on the Shanghai Stock Exchange and five in Shenzhen, according to official statement. Ten companies are expected to freeze more than 960 billion yuan.
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