China halts over 20 IPOs sponsored by China Merchants Securities amid investigation

China halts over 20 IPOs sponsored by China Merchants Securities amid investigation

Photo: Reuters

Chinese bourses have halted processing more than 20 initial public offering (IPO) plans sponsored by China Merchants Securities, following an investigation into the broker, according to exchange disclosures.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter