HONG KONG, Jan 9 (Reuters) - China shares closed flat on
Wednesday, paring losses after Reuters reported that the
mainland IPO market could be frozen until the end of March, a
move that would reduce competition in the A-share market.
The CSI300 of top Shanghai and Shenzhen listings
ended flat at 2,526.1. The Shanghai Composite Index was
also flat. Both were heading for a lower close until Reuters
reported the IPO development about 20 minutes before market
China's securities regulator is requiring underwriters and
auditors of all applicants for domestic initial public offerings
to re-examine their financial statements as part of efforts to
boost the quality of listed companies, four sources with
knowledge of the plan told Reuters on Wednesday.