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Financials

China regulator scraps profitability requirements for IPOs on ChiNext board

SHANGHAI, Nov 8 (Reuters) - China’s securities regulator said on Friday it would scrap profitability requirements for initial public offerings (IPOs) on Shenzhen’s start-up board ChiNext.

The China Securities Regulatory Commission (CSRC) said it supported moves by companies listed on Shanghai’s STAR Market to introduce strategic investors and announced the launch of new exchange-traded derivatives.

Reporting Zhang Xiaochong and Andrew Galbraith; Writing by Samuel Shen; Editing by Edmund Blair

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