Just two months after the China Securities Regulatory Commission allowed new listings on its stock exchanges, the agency is considering a one-month ban because of a flood of new listings and low demand for some of them. Financial News says this could pose particular problem for Industrial and Commercial Bank of China, which had planned to raise some $21 billion with dual listings in Shanghai and Hong Kong. ICBC says it is going ahead with its Hong Kong float in the fall but would prefer to list simultaneously. The moves comes as the commission detected low investor demand for Air China, which cut its offering by almost 40%, and other newly listed companies. Some observers say, however, it is unlikely the commission would want to risk losing investor confidence by imposing the ban.
