New IPO rules help send Chinese stocks lower


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

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