China Tells Major Securities Firms to Scale Back IPO Work
China has told its biggest securities firms and banks to throttle back IPO work and focus on supporting the struggling stock market, according to people familiar with the matter.
By Peter LandersChina has told the country's biggest securities firms and banks to throttle back their work on initial public offerings and focus on boosting the struggling stock market, according to people familiar with the matter.The China Securities Regulatory Commission said Monday at a closed…