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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.

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Qi Bin, chief researcher for the China Securities Regulatory Commission (CSRC), also said planned reform in share sales, if successful, would find a balancing point between supply and demand and thus avoid huge market fluctuations, the newspaper reported.

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.


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