摘要
China will take enterprises credit data into consideration during the approval process of initial public offerings in an effort to develop a national social credit system, Ch/na Daily reported on December 4.Enterprises with past records of untrustworthiness will be strictly examined by securities regulators when applying for initial public offerings and the issuance of convertible bonds, according to a memorandum of understanding (Moll) issued by the China Securities Regulatory Commission (CSRC) and the National Development and Reform Commission (NDRC).
