China Proposes IPO Reforms to Overhaul $11 Trillion Stock Market

China’s regulator issued a draft proposal to ease rules for initial public offerings across all its trading venues in a bid fuel access to funding in the nation’s $11 trillion equity market for millions of smaller companies.

The proposal aims to roll out a registration based listing mechanism to all domestic stock exchanges, the China Securities Regulatory Commission said in a statement Wednesday. The regulator is now seeking public feedback on the draft rules until Feb. 16.

The change would mean an end to vetting of planned share sales by regulators. It builds on rules adopted by Shanghai’s Star board …