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Rumor: State-Owned News Sites to IPO Domestically

Tencent Tech, 10/24/11

The China Securities Regulatory Commission (CSRC) has approved plans by several Chinese state-owned news websites to IPO on the Shanghai Stock Exchange, according to an industry source.

The source said that state-owned media outlets seeking to IPO likely include the People's Daily newspaper, Xinhua News Agency, and news website subsidiaries belonging to China Central Television (CCTV).

Editor's Note: For more information on this topic, please see "China's Propaganda Dept Seeks to List News Sites," MD 5/10/10 issue.

Keywords: Internet IPO CCTV Shanghai Stock Exchange CSRC People's Daily Xinhua

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