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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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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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