China IPOs slow as strict 'broker butcher' rules kick in

China IPOs slow as strict 'broker butcher' rules kick in

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo

A slowdown in China’s initial public offering market is expected to persist through the year, forecasts show, as tighter regulations kick in.