China's market regulator urges tighter IPO scrutiny, cautions against hot money risks 

China’s top securities regulator on Saturday urged underwriters to tighten scrutiny on companies seeking to list their shares, vowing to punish those trying to bring “sick” companies to the initial public offering (IPO) market.

Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), told a forum that recent China stock market volatility is “natural”, and risks “controllable”, but cautioned against “harmful” foreign hot money flows.

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