- Merchants Shekou received CSRC nod for $1.2 billion placement
- Authorities ended ban on onshore equity offerings in November
China’s securities watchdog approved an onshore share sale by a real estate developer for the first time since rules were eased late last year, raising hopes for the revival of a major fundraising channel as a housing recovery falters.
China Merchants Shekou Industrial Zone Holdings Co. received approval from the China Securities Regulatory Commission to raise as much as 8.5 billion yuan ($1.2 billion) in a private placement, the state-owned company said.
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