China's securities regulators are gearing up to unleash a wave of initial public offerings on to mainland markets after a nine-month drought, but so far investors remain sanguine at the prospect.
Since the China Securities Regulatory Commission made its first serious noises about the resumption of IPOs over three weeks ago, there have been daily stories in the Chinese press about which company would come first, and how big its issue would be.
Faced with the prospect of unknown amounts of equity hitting the market, possibly within days, the Shanghai composite index has had a few wobbles.
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