<article><p>The Chinese securities regulator said it will ramp up regulation of rejected &#8220;back-door listings&#8221;, as part of a wider overhaul of initial public offerings by Beijing.</p></article>

<p>The Chinese securities regulator said it will ramp up regulation of rejected &#8220;back-door listings&#8221;, as part of a wider overhaul of initial public offerings by Beijing.</p>
<p>In a brief question and answer published on its website late on Friday, the<span class="highlight" data-qa-component="highlight-text"> China </span>Securities Regulatory Commission (CSRC) said companies that have their first listing rejected will have to wait at least three years before they try again.</p>
<p>A back-door listing refers to a reverse takeover, or reverse initial public offering (IPO), which occurs when a privately-held company that may not qualify for the public offering process buys a publicly-traded company.</p>
<p>The short statement also said the regulator will also increase its scrutiny of information disclosure by companies when changes are made to financial reports.</p>
<p>The steps are the latest by the regulator to tighten its grip on the vetting process to ensure the quality of listed companies. Late last year the<span class="highlight" data-qa-component="highlight-text"> market </span>watchdog overhauled its examination committee and stepped up scrutiny of applicants&#8217; financial strength and disclosures.</p>
<h4>Reuters</h4>


The Chinese securities regulator said it will ramp up regulation of rejected "back-door listings", as part of a wider overhaul of IPOs by Beijing.

China market watchdog to ramp up oversight of back-door listings

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China market watchdog to ramp up oversight of back-door listings

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