BEIJING, April 13 (Xinhua) -- Initial public offerings (IPOs) in China's A-share market are likely to maintain regular and stable paces, according to Xinhua Finance, a financial information platform run by Xinhua News Agency Monday.
Since the COVID-19 epidemic outbreak, China Securities Regulatory Commission (CSRC) has been supporting regulator issuance of IPOs to help the epidemic prevention and control, production resumption and the real economy via the capital market.
A stable issuance pace will be kept and no intensive approval of IPOs will befall A-share market, said the report.
Statistics showed CSRC has nodded IPO applications of 44 companies and IPOs registration of 23 firms in the science and technology innovation board (STAR market) so far this year. Meanwhile, 57 enterprises completed IPOs of 82.377 billion yuan this year.
On average, CSRC has been approving three IPOs and two IPO registrations in STAR market per week by far this year.
The report said these efforts aimed at guiding market anticipation and sustaining stability of the capital market. (Edited by Duan Jing with Xinhua Silk Road, firstname.lastname@example.org)