More than 20 IPOs by China Merchants Securities are on hold in China

Tian Xiaoli („Imago Images“ / „Scanpix“) nuotr. More than 20 planned IPOs funded by China Merchants Securities have been halted on Chinese exchanges after China’s stock regulator took an interest in the company. The Shenzhen Stock Exchange has frozen 15 IPOs targeting its ChiNext stock listing, while Shanghai has suspended five IPOs targeting its STAR Market, Reuters reports. Three more IPOs were planned on the Beijing Stock Exchange. Exchange operators have stopped accepting applications to participate in these IPOs. The exchanges said they took the measures in response to an investigation into China Merchants Securities by China’s markets regulator. The…