- Chinese shares ended -0.6% after authorities introduced rules that would allow IPOs to resume in 2014 year following a year-long suspension.
- The concern is that with hundreds of companies waiting to list, a wave of offerings could squeeze liquidity from existing shares.
- Still, the regulations, which include stricter disclosure requirements and shorter review times, are considered to be a positive for the long term.
- ETFs: FXI, GXC, PGJ, FXP, HAO, YINN, TAO, CHIQ, CHIX, YANG, MCHI, PEK, XPP, YAO, CHXX, ASHR, CHII, CHXF, ECNS, CHIE, YXI, CHIM, KFYP, TCHI, FCA, CHNA