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China to consider stability when timing IPOs
(Agencies)
Updated: 2009-04-27 19:38 A top researcher at China's securities watchdog said regulators will consider issues related to social stability when deciding when to resume initial public offerings (IPOs), the Securities Times reported on Monday.
China should step up financial reform in a bid to allocate resources efficiently and help companies cope with the economic crisis, the newspaper cited Qi as saying. China's stock market dropped nearly 3 percent last Wednesday, partly on speculation that regulators may resume IPOs in May following a seven-month suspension, although the official Securities Times quoted a CSRC official on Friday as saying he had not heard about a resumption of IPOs in the near term. (For more biz stories, please visit Industries)
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