Regulator to manage IPO pace

Stocks rebound after authorities suspend controversial circuit breaker mechanism

The Chinese securities regulator said on Friday that it will "appropriately manage" the pace of new share sales to stabilize investors' anticipation, underscoring the regulator's desire to contain more fluctuations after the market rebounded.

The regulator's statement came after the benchmark Shanghai Composite Index suffered a 10 percent loss in a week, with market shutdowns on Monday and Thursday triggered by the circuit breaker mechanism.