Regulator to pass on I.P.O. review powers

Beijing is likely to reform further the mainland's system for share offerings in the next few months.

The China Securities Regulatory Commission (CSRC) plans to relinquish its responsibility in reviewing applications by companies to raise funds.

Two investment bankers with knowledge of the regulator's thinking say it is determined to introduce a disclosure-based system for initial public offerings (IPOs) and share placements.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1067547/regulator-pass-ipo-review-powers