China's plans of streamlining IPO rules unlikely to take shape this year

China's plans of streamlining IPO rules unlikely to take shape this year

An advertising board (L) showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, in this September 7, 2015 file photo. REUTERS/Jason Lee/Files

China’s plan to streamline rules for initial public offerings is unlikely to be implemented this year, which was why Premier Li Keqiang didn’t mention the revamp in his annual work report delivered Saturday, according to a person familiar with the situation.

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