1. China's stock regulator has removed the requirement for daily net purchase of local securities companies' self-traded stocks, the Securities Daily reported on Wednesday. Therefore, local securities companies have been allowed to adjust their own stock positions flexibly, said the daily. The securities companies suffered slowdown in revenue from business on own account in the third quarter of 2015. Lifting the requirement for the daily net stock purchase of these companies is expected to help improve their earnings, said the daily.
2. Seven companies pre-disclosed their initial public offering (IPO) prospectus on the website of China Securities Regulatory Commission (CSRC), the top securities regulator, on Tuesday evening. Among them, four companies plan to get listed on Shanghai Stock Exchange, two on Shenzhen bourse's small and medium-sized enterprise board and one on Shenzhen bourse's ChiNext board.
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