Disagreement about the terms of compensation for Chinese IPO investors is adding to controversy over recently issued rules that hold underwriters accountable for misleading listing material. In a closely watched test case, industrial securities said last month it would set up a Rmb550m (US$82m) fund to pay investors for losses related to the 2014 ChiNext IPO of dandong xintai electric. The China Securities Regulatory Commission ruled on July 8 that fraud had occurred in the IndustrialSec-sponsored IPO.
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