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Chinese Government Not Ready to Give Up Control Over Stock Market

China’s new securities regulator has made it clear that there will be no relaxation in the government’s control on crucial aspects of the stock market for the time being. Official control over initial public offerings and government-sponsored trading, however, will continue. Liu Shiyu, the new chairman of the China Securities Regulatory Commission, said recently that the much-awaited reform in the IPO registration system will not take place anytime soon. “Supporting the reforms will...

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