China ready to announce plans for registration-based IPO system

China ready to announce plans for registration-based IPO system

A man, holding a mobile phone, walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai

China is ready to announce plans for its migration to a U.S.-style registration system for initial public offerings (IPOs) as early as next week, two sources with direct knowledge told Reuters on Friday.

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