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CSRC: IPO for land buying not permitted

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Real estate enterprises are encouraged to seek further development through capital markets, but Initial Public Offerings (IPOs) for land buying and property speculation will not be permitted, according to an official in the China Securities Regulatory Commission (CSRC).

For more details, please read the full story in Chinese (http://finance.sina.com.cn/stock/y/20080321/02004649165.shtml).

(China.org.cn, March 21, 2008)

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