Chinese financial authorities have told some companies and advisers that they can begin the process of launching mainland initial public offerings once more, in an early sign of a rebound in listings in the world’s second-largest economy.
Authorities have informed groups in the technology, advanced manufacturing and consumer sectors in the past few weeks that they can file IPO paperwork, according to investors and advisers familiar with the mainland listings regime.
The move appears to mark a shift in the government’s approach to listings, after its previous concerns that IPOs could further weigh on a stock market that, until autumn last year, had been falling for years.