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Report: China will not suspend IPO approval

07-13-2010 11:27 BJT

The securities regulator has not stopped approval for enterprises' initial public offerings (IPOs), according to today's Securities Daily.

The newspaper quoted an insider from the China Securities Regulatory Commission (CSRC) that he has not heard any information about stopping or slowing the pace of IPOs.

"Processes of approval for initial public offerings are public information on the Web site of the CSRC," he said.

Yesterday, some media reported that the commission may suspend or slow the pace of IPOs on the main board, according to an unidentified investment banker.

There has been also foreign media reports that China will suspend approving IPOs after the dual-listing of the Agricultural Bank of China in order to prevent further decline in the stock market.

Analysts said that the approval of IPOs has been heading for marketization after the reform of the new-share-listing-approval mechanism and that the commission will not deliberately set the pace for IPOs.

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Editor:Xiong Qu |Source: People's Daily

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