Shanghai Exchange urges bankers to closely vet Chinese medical firms IPOs: Sources

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Shanghai Exchange urges bankers to closely vet Chinese medical firms IPOs: Sources
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SHANGHAI: The Shanghai Stock Exchange has urged bankers to pay close attention to the marketing practices of Chinese drug and medical equipment makers seeking initial public offerings (IPOs) amid an escalating anti-corruption drive in the sector, sources said. The bourse asked investment bankers and lawyer

SHANGHAI: The Shanghai Stock Exchange has urged bankers to pay close attention to the marketing practices of Chinese drug and medical equipment makers seeking initial public offerings amid an escalating anti-corruption drive in the sector, sources said.

Two banking sources familiar with the issue confirmed the information. The Shanghai exchange declined to comment.

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