China stocks fall on IPO worries

Mainland China equity market closed lower in volatile trade on Friday, 15 May 2015, amid concerns over a more new share listings after the securities regulator said the market has ample liquidity to handle more initial public offerings. The Shanghai Composite Index declined 69.62 points, or 1.59%, to finish at 4308.69 points. The CSI300 index reduced by 83.31 points, or 1.77%, to 4617.47. For the week, CSI300 gained 1.3% while the SSEC was up 2.4%.

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