Shenzhen Bourse Limits Risk for Investors
Submitted by BOCVIP on Fri, 10/16/2009 - 05:45
Full article in Chinese: http://www.bocvip.com/2009-10-15/110283618.html
The Shenzhen Stock Exchange said it released guidelines on Oct. 15 restricting the use of the excess funds from larger-than-expected IPOs on the Growth Enterprise Market.
The bourse said in an online statement that if a company has had to expand its offering because of oversubscriptions, the additional funds must be invested in the company's core business, instead of being diverted to risky instruments like stocks, wealth management products, or derivative products.


