
BEIJING, Sept. 17 -- China has strengthened investigations of the applications for initial public offerings (IPO) to ensure the quality of listed firms since the beginning of the year, according to the Securities Daily.
A total of 42 companies' applications for IPO were terminated by Sept. 12, while September alone saw vetoes in four cases, the newspaper reported citing data from the China Securities Regulatory Commission.
In the third quarter of the year, the commission has rejected 22 companies' IPO applications, surpassing the total from the first half-year, said the report.
The securities regulator is also exploring an innovative way of delisting, including the clearing of "zombie enterprises," the newspaper reported.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses